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
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Bensuda. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $8.99. You're not tied to anything after your purchase.
