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AIS Ch 8,9,10 Exam Questions & Answers 2024/2025
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AIS Ch 8,9,10 Exam Questions & Answers 2024/2025 Fraud and Errors - ANSWERSChapter 8 4 Threats of AIS Threats to a Company - ANSWERS1. Natural and Political Disasters 2. Software errors and equipment malfunctions 3. Unintentional acts 4. Intentional acts Natural and Political Disast...

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  • August 10, 2024
  • 14
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • ais ch 8910 exam questions answers

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  • AIS Ch 8,9,10
  • AIS Ch 8,9,10

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AIS Ch 8,9,10 Exam Questions &
Answers 2024/2025

Fraud and Errors - ANSWERSChapter 8



4 Threats of AIS Threats to a Company - ANSWERS1. Natural and Political Disasters

2. Software errors and equipment malfunctions

3. Unintentional acts

4. Intentional acts



Natural and Political Disasters - ANSWERSfires, floods, earthquakes, hurricanes, tornadoes, blizzards,
wars, and attacks by terrorists



Software errors and equipment malfunctions - ANSWERSSoftware errors, operating system crashes,
hardware failures, power outages and fluctuations,

and undetected data transmission errors constitute a second type of threat



unintentional errors - ANSWERS. Accidents or Innocent errors and omissions

. Greatest risk to information systems and causes the greatest dollar losses



Intentional Acts - ANSWERSFraud or sabotage = deliberate destruction or harm to a system



Fraud - ANSWERSgaining an unfair advantage over another person



For an act to be fraudulent, there must be: - ANSWERS1) A false statement, representation, disclosure

2) A material fact (relevant to a decision being made)

3) An intent to deceive

, 4) A justifiable reliance (A person's justifiable dependence on the misrepresentation on another's
representation)

5) An injury or loss



White-Collar Criminals - ANSWERSTypically, businesspeople who commit fraud. White-collar criminals
usually resort to trickery or cunning, and their crimes usually involve a violation of trust or confidence.



Corruption - ANSWERSdishonest or illegal actions



Investment Fraud - ANSWERSMisrepresenting or leaving out facts in order to promote an investment
that promises fantastic profits with little or no risk. Examples include Ponzi schemes and securities fraud.



Misappropriation of Assets - ANSWERStheft of company assets by employees



Fraudulent Financial Reporting - ANSWERSintentional or reckless conduct, whether by act or omission,
that results in materially misleading financial statements



Statement on Auditing Standards (SAS) - ANSWERSA list of accounting standards put forth by the
American Institute of Certified Public Accountants



. Understand Fraud

. Discuss the risks of material fraudulent misstatements

. Obtain information

. Identify, assess, and respond to risks

. Evaluate the results of their audit tests

. Document and communicate findings

. Incorporate a technology focus



Who perpetrates fraud - ANSWERSanyone

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