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HI, PLEASE CAN YOU MAKE IT HURRY I ONLY HAVE A LITTLE TIME, THANK YOU QUESTION 2 (25 MARKS: 45 MINUTES) A. The fraud triangle
HI, PLEASE CAN YOU MAKE IT HURRY I ONLY HAVE A LITTLE TIME, THANK YOU
QUESTION 2 (25 MARKS: 45 MINUTES) A. The fraud triangle consists of three factors that contribute to management and employee fraud. Explain the relationship among these three factors. (4 Marks) B. Indicate whether the following risks in accounting information system can be classified as natural and political disasters, software errors and equipment malfunction, unintentional acts or intentional acts: (a) Failure to follow established procedures. (b) Fire or excessive heat. (c) Undetected data transmission errors. (d) Misrepresentation, false use, or unauthorized disclosure of data. Operating system crashes. Misappropriation of assets. Systems that do not meet needs or are incapable of performing intended tasks. (h) War and terrorist attack. (4 Marks) C. Effective segregation of accounting duties is achieved when the authorization, processing/recording and custody functions are separated. Explain TWO (2) ways how the segregation of duties can be established and give ONE (1) example for each. (4 Marks)Step by Step Solution
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