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...
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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