Exam 5: Computer Fraud

On Tuesday morning,Chen Lee,Chief Information Officer at American Trading Corporation (ATC),got some bad news.The hard drive use to store system data backups was lost while it was being transported to an offsite storage location.Chen called a meeting of her technical staff to discuss the implications of the loss.Which of the following is most likely to relieve her concerns over the potential cost of the loss?

What are some of the distinguishing characteristics of fraud perpetrators?

Which of the following is not an example of one of the basic types of fraud?

In many cases of fraud,the ________ takes more time and effort than the ________.

What are the actions recommended by the Treadway Commission to reduce the possibility of fraudulent financial reporting?

Which of the following is least likely to result in computer fraud?

Which of the following is not a way to reduce fraud losses?

Perhaps the most striking fact about natural disasters in relation to AIS controls is that

One fraudulent scheme covers up a theft by creating cash through the transfer of money between banks.This is known as

Downloading a master list of customers and selling it to a competitor is an example of

A teller at a savings and loan drive-through accepted a cash payment from customer #1 for an auto loan.The teller appeared to process the payment,but told the customer the printer was jammed and she can't print a receipt.The customer accepted the excuse and drove away.The teller pocketed the cash and wrote down customer #1's loan number and payment amount for future reconciling.A couple of days before customer #1's monthly statement was printed,the teller recorded a cash payment from customer #2 as if it were made by customer #1.The teller pocketed the difference between the two payments.The teller continued to steal and misapply customer payments for the next two years without detection. Identify the type of fraud scheme described.Describe five controls you would implement to address the fraud risk,and label each control as preventive or detective.

Describe four ways companies can reduce losses from fraud.

Logic errors are an example of which type of threat?

Identify the opportunity below that could enable an employee to commit fraud.

Identify the threat below that is not one of the four types of threats faced by accounting information systems.

All of the following are required for an act to be legally classified as fraudulent except

Which of the following is the best way to hide theft of assets?

What is the most prevalent opportunity within most companies to commit fraud?

This component of the fraud triangle explains how perpetrators justify their (illegal)behavior.

Which of the following is not a way to make fraud less likely to occur?