How does the knowledge of technology and AIS help

Q: investigative techniques used  to uncover the fraud.

A: Fraud is defined as a false portrayal of the facts that cause the victim of the fraud to suffer harm…

Q: What actions to be taken on error/fraud discovery?

A: An auditor is a person who is held responsible for fraud or error detection as he or she is auditing…

Q: Internal controls are critical for any organization's risk of fraudulent activity. Additionally, new…

A: This topic discusses how an advanced technology transaction processing system may assist any firm in…

Q: What is the audit committee’s potential role in overseeing cyber risk?

A: Audit: It is an independent examination of books of accounts of the company with a view to represent…

Q: What type of fraud is this, and what controls can be implemented to prevent or detect the fraud?

A:

Q: What is meant by data mining, and why must technical analysts be careful not to engage in it?

A: Data mining: Data mining is considered as a process utilized by corporations to turn raw data in to…

Q: Which of the following benefits of an effective accounting information system provides safeguards…

A: Accounting information system: It is a process which collects data, processes the same into…

Q: What is management fraud?

A: Fraud:   It is an intentional misappropriation of the assets or the financial records of an…

Q: Characteristics and Skills of the Forensic Accountant

A: The accountants having the responsibility to determine the money or cash missing and to check the…

Q: __________are the systems used by an organization to manage risk and diminish the occurrence of…

A: Introduction: Fraud: Fraud is a intentional deception resulting loss to other party. Fraud can be of…

Q: What rules or policies should be developed to avoid ethical fraud issues?

A: Accounting Fraud:   Intentional manipulation of financial statement to create false financial heath…

Q: How do fraud examiners approach data differently than auditors? Why is this significant

A: This question explains about fraud examiners approach data differently than auditors, Why is this…

Q: How does HanaTour use the data it collects from the audit to increase the security of its data?

A: HanaTour : It is the largest travel company in Korea. The main business of HanaTour is providing…

Q: What is computer fraud, and what types of activities does it include?

A:

Q: What are the three potential tools available to auditors for documenting their understanding of a…

A: The auditor checks the accuracy level in the financial reporting of one entity.

Q: What are the computer ethical issues regarding privacy?

A: Definition: Ethics can be defined as conduct adopted by an individual in making the selection…

Q: Do you think the key to further improve computer security lies in more effective user training or in…

A: Having an effective computer security system in place has become very essential in current business…

Q: What role does note-taking and documentation play in fraud analysis of evidence and the…

A: Auditing refers to the art of inspecting and investigating financial accounts of a company. It is…

Q: How can internal auditors best detect fraud in their orgar your answer.

A: Internal auditor refers to the professionally trained and skilled individual whose main form of work…

Q: When it comes to control systems and materiality, why could fraud examiners' views vary from those…

A: Misstatements and judgments are taken into account when determining materiality in the design and…

Q: In order to eliminate ethical fraud concerns, what procedures or policies should be implemented

A: Fraudulent Accounting: Accounting fraud is explained as the deliberate manipulation of financial…

Q: How do you design a fraud prevention programme?

A: A fraud is the intention of a person to deceive(mostly financially) another person or an…

Q: The impact of weak internal controls can affect an employee’s fraud behavior. The role of…

A: An internal control system is the sum of a large number of activities comprising of policies,…

Q: Why do you think "independence" is the foremost quality that a forensic accountant must possess?

A: Accounting:   The process to record, classify, summarize organization transactions in a systematic…

Q: When it comes to control systems and materiality, why may fraud examiners' perspectives be different…

A: Auditor : He is a firm employee tasked with conducting an audit, verifying all of the company's…

Q: ______________________is a possible safeguard implemented by the client that might mitigate an audit…

A: Audit: It is the examination of each and every financial transaction. so that auditor can make their…

Q: Which preventive, detective, and/or corrective controls would best mitigate the following threat,…

A: A criminal remotely accessed a sensitive database using the authentication credentials (user ID…

Q: How would you define what you do as a forensic accountant?

A: Forensic Accountant are the professionals which performs the accounting tasks by the art of research…

Q: 1. Computer Assisted Audit Techniques (CAATs) are important tools than an IS auditor uses to gather…

A: We shall answer the first question since the exact question wasn't specified. Please resubmit a new…

Q: Internal controls play an important role in reducing the risks of fraudulent activities in any…

A: Internal controls are the principles, policies, procedures formed by the management of the Company…

Q: What are the strengths and weaknesses that you see in the AIS system and ways that you would improve…

A: AIS stands for accounting information system that is a computer based method used by the company in…

Q: How can advanced technology transaction processing systems reduce fraud

A: Accounting is primarily concerned with identifying, recording, measuring, summarizing transactions…

Q: How does the study of criminology relate to the detection or deterrence of fraud?

A: Fraud refers to a situation when there is some false facts or details have been presented or the…

Q: what is the most important thing that a Forensic Accountant or Auditor does?

A: Forensic audit or accountant perform an financial records examination in order to find any financial…

Q: How can an organisation use their information system to prevent employees from making inappropriate…

A: Here discuss about the details about find out of the fraudulent purchases which are related with the…

Q: A business wishes to establish sound internal controls. What rules and processes can you recommend…

A: This question explains about sound internal controls.

Q: Explain why auditors gather evidences?

A: Auditing is a process of examining the financial statements of the client. The auditor provides an…

Q: Which of the following creates an audit trail that protects both consumers and businesses from…

A: Fraud- Fraud is an intentionally carried out event that is illegal and unethical, but the…

Q: Whistle-blowers have played a key role in fraud detection. There are several types of…

A: Whistle-blower can be defined as the person who is generally an employee who exposes information or…

Q: rom home, an employee installed a modem on his office workstation. An attacker successfully…

A: Internal ControlsThe Internal controls are written procedures which are introduced to ensure that…

Q: Which of the following is not a principle relating to risk assessment?

A: Risk assessment: it is a process or a method to find and analyze the risk factors that could cause…

Management Information Systems

While undertaking any business decisions, data is the most important aspect. An information system (IS) is a set of data, computing devices and management methods that support routine company operations. A management information system (MIS) is a specific subset of IS.