Question 1

Ethical issues and legal issues are essentially the same.

Accepted Answer

A) True 
 B)False

Question 2

What is check tampering?

Accepted Answer

Check tampering involves forging or chan

Question 3

Business ethics is the analysis of the nature and social impact of computer technology, and the corresponding formulation and justification of policies for the ethical use of such technology.

Accepted Answer

A) True 
 B)False

Question 4

Employee fraud involves three steps. Of the following, which is not involved?

Accepted Answer

A)  concealing the crime to avoid detection 
B)  stealing something of value 
C)  misstating financial statements 
D)  converting the asset to a usable form 
A)  concealing the crime to avoid detection 
B)  stealing something of value 
C)  misstating financial statements 
D)  converting the asset to a usable form

Question 5

When certain customers made cash payments to reduce their accounts receivable, the bookkeeper embezzled the cash and wrote off the accounts as uncollectible. Which control procedure would most likely prevent this irregularity?

Accepted Answer

A)  segregation of duties 
B)  accounting records 
C)  accounting system 
D)  access controls 
A)  segregation of duties 
B)  accounting records 
C)  accounting system 
D)  access controls

Question 6

Distinguish between errors and irregularities. Which are of greatest concern to auditors?

Accepted Answer

Errors are unintentional mistakes; while

Question 7

Discuss what an auditor should look for in testing for payments to fictitious vendors and how ACL can be used to assist the process.

Accepted Answer

Numbers from fictitious vendors may be i

Question 8

As a form of computer fraud, what is eavesdropping?

Accepted Answer

Eavesdropping involv

Question 9

When considering computer ethics, what are some of the environmental issues to consider?

Accepted Answer

High speed printers may document reprodu

Question 10

The objective of SAS 99 is to seamlessly blend the auditor's consideration of fraud into all phases of the audit process.

Accepted Answer

A) True 
 B)False

Question 11

Copyright laws and computer industry standards have been developed jointly and rarely conflict.

Accepted Answer

A) True 
 B)False

Question 12

Describe the factors that constitute the fraud triangle. Why is it important to auditors?

Accepted Answer

The fraud triangle consists of three fac

Question 13

The ethical principle of justice asserts that the benefits of the decision should be distributed fairly to those who share the risks.

Accepted Answer

A) True 
 B)False

Question 14

All of the following are conditions for fraud except

Accepted Answer

A)  false representation 
B)  injury or loss 
C)  intent 
D)  material reliance 
A)  false representation 
B)  injury or loss 
C)  intent 
D)  material reliance

Question 15

What are the five conditions necessary for an act to be considered fraudulent?

Accepted Answer

False representation

Question 16

Four principal types of corruption are discussed. Name all four and explain at least two.

Accepted Answer

Corruption involves an executive, manage

Question 17

What are the main issues to be addressed in a business code of ethics required by the SEC?

Accepted Answer

Conflicts of Interest, Full an

Question 18

Explain the characteristics of management fraud.

Accepted Answer

Management fraud typically occurs at lev

Question 19

__________________________ are intentional mistakes while __________________________ are unintentional mistakes.

Accepted Answer

Irregulari

Question 20

Operations fraud includes

Accepted Answer

A)  altering program logic to cause the application to process data incorrectly 
B)  misusing the firm's computer resources 
C)  destroying or corrupting a program's logic using a computer virus 
D)  creating illegal programs that can access data files to alter, delete, or insert values 
A)  altering program logic to cause the application to process data incorrectly 
B)  misusing the firm's computer resources 
C)  destroying or corrupting a program's logic using a computer virus 
D)  creating illegal programs that can access data files to alter, delete, or insert values

Ethical issues and legal issues are essentially the same.

What is check tampering?

Business ethics is the analysis of the nature and social impact of computer technology, and the corresponding formulation and justification of policies for the ethical use of such technology.

Employee fraud involves three steps. Of the following, which is not involved?

When certain customers made cash payments to reduce their accounts receivable, the bookkeeper embezzled the cash and wrote off the accounts as uncollectible. Which control procedure would most likely prevent this irregularity?

Distinguish between errors and irregularities. Which are of greatest concern to auditors?

Discuss what an auditor should look for in testing for payments to fictitious vendors and how ACL can be used to assist the process.

As a form of computer fraud, what is eavesdropping?

When considering computer ethics, what are some of the environmental issues to consider?

The objective of SAS 99 is to seamlessly blend the auditor's consideration of fraud into all phases of the audit process.

Copyright laws and computer industry standards have been developed jointly and rarely conflict.

Describe the factors that constitute the fraud triangle. Why is it important to auditors?

The ethical principle of justice asserts that the benefits of the decision should be distributed fairly to those who share the risks.

All of the following are conditions for fraud except

What are the five conditions necessary for an act to be considered fraudulent?

Four principal types of corruption are discussed. Name all four and explain at least two.

What are the main issues to be addressed in a business code of ethics required by the SEC?

Explain the characteristics of management fraud.

are intentional mistakes while are unintentional mistakes.

Operations fraud includes

Auditing and Internal Control

Auditing IT Governance Controls

Auditing Operating Systems and Networks

Auditing Database Systems

Systems Development and Program Change Activities

Transaction Processing and Financial Reporting Systems Overview

Computer Assisted Audit Tools and Techniques

Data Structures and Caatts for Data Extraction

Auditing the Revenue Cycle

Auditing the Expenditure Cycle

Enterprise Resource Planning Systems

Filters

Exam 12: Business Ethics, Fraud, and Fraud Detection

Ethical issues and legal issues are essentially the same.

What is check tampering?

Business ethics is the analysis of the nature and social impact of computer technology, and the corresponding formulation and justification of policies for the ethical use of such technology.

Employee fraud involves three steps. Of the following, which is not involved?

When certain customers made cash payments to reduce their accounts receivable, the bookkeeper embezzled the cash and wrote off the accounts as uncollectible. Which control procedure would most likely prevent this irregularity?

Distinguish between errors and irregularities. Which are of greatest concern to auditors?

Discuss what an auditor should look for in testing for payments to fictitious vendors and how ACL can be used to assist the process.

As a form of computer fraud, what is eavesdropping?

When considering computer ethics, what are some of the environmental issues to consider?

The objective of SAS 99 is to seamlessly blend the auditor's consideration of fraud into all phases of the audit process.

Copyright laws and computer industry standards have been developed jointly and rarely conflict.

Describe the factors that constitute the fraud triangle. Why is it important to auditors?

The ethical principle of justice asserts that the benefits of the decision should be distributed fairly to those who share the risks.

All of the following are conditions for fraud except

What are the five conditions necessary for an act to be considered fraudulent?

Four principal types of corruption are discussed. Name all four and explain at least two.

What are the main issues to be addressed in a business code of ethics required by the SEC?

Explain the characteristics of management fraud.

__________________________ are intentional mistakes while __________________________ are unintentional mistakes.

Operations fraud includes

Auditing and Internal Control

Auditing IT Governance Controls

Auditing Operating Systems and Networks

Auditing Database Systems

Systems Development and Program Change Activities

Transaction Processing and Financial Reporting Systems Overview

Computer Assisted Audit Tools and Techniques

Data Structures and Caatts for Data Extraction

Auditing the Revenue Cycle

Auditing the Expenditure Cycle

Enterprise Resource Planning Systems

Filters

are intentional mistakes while are unintentional mistakes.