Hin Leong QUIZ

Which of the following options are NOT one of the cons of subjecting private companies to minimum governance standards?

• Increased compliance costs

• Greater likelihood of fraud

• Prevent innovation and growth

• Difficulty in enforcement of standards

Which of the following measures would be considered under the second line of defense?

• Segregation of duties

• Implementation of whistleblowing policy

• Implementation of COSO risk management framework

• Digital formalization of transaction records

While banks failed to notice the risks in HLT, this is NOT an indication that there are systemic weaknesses inherent in the bank’s operations. Instead, it was a case of unfortunate and uncontrollable external circumstances (COVID 19 pandemic)

• TRUE

• FALSE

What was the fundamental factor that led to the fall of HLT?

• The COVID-19 pandemic

• Current loopholes in auditing standards

• Lower regulatory standards required for EPCs

• Failure in implementing adequate internal frameworks

Which of the following options are NOT one of the benefits for HLT when they incorporated as EPC?

• More opportunities for financing

• Less operational cost

• Reduced liability

• Greater risk appetite

Which of the following is NOT a reason that banks continued lending to banks?

• Strong reputation of HLT

• Banks were ignorance about the market changes

• Banks had weak due dillengence

• Lack of centralized platform allowing banks to check the amount of loans borrowed by HLT