Briefly define conflict of interest in general and provide an example to illustrate.

1. Briefly define conflict of interest in general and provide an example to illustrate. You are also required to outline no fewer than three strategies as to how these conflicts may be addressed. (indicative length 250 words) (4 Marks)

2. Using an illustrative example, describe how preventive, detective and corrective controls may work in an organization to address fraud and error. (indicative word length 300 words) (6 Marks)