accounting information system

3. Which of the following is not an example of misappropriation of assets?

The treasurer of the company makes an unauthorized wire transfer from the organization's bank to a personal account in Grand Cayman.

The president of the company utilizes the organization's cash to add a floor to her 15,000 square foot house.

The chief financial officer of the company falsely adds $20 million to the accounts receivable and revenue accounts.

A warehouse employee takes home two units of electronic entertainment inventory each week without authorization.

6.

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

Management's belief that most employees would not commit fraud.

Failure by management to enforce the internal controls.

Weaknesses in the design of internal controls.

Lack of internal controls designed by management.

8.

Why do many computer fraud cases go unreported and unprosecuted?

It is difficult to calculate total losses when information is stolen, websites are defaced, and viruses shut down entire computer systems.

Many companies believe the adverse publicity would result in copycat fraud and a loss of customer confidence, which could cost more than the fraud itself.

Because of lack of funding and skilled staff, law enforcement investigates only 1 in 15 computer crimes.

All of the above