QUESTION 2 Economic loss or restitution damages compensate for a specific loss and recognize that the damages May carry into future periods O Arose out of intentional or gligent causality O Awarded are intended to punish the defendant as a financial deterrent O Put the injured parties back where they would have been if the cause of action had not happened QUESTION 3 Although the liability claim alleged by the plaintiff against the defendant is often centered on lost revenues and/or incremental expenses, the actual amount of damages is A function of lost profits Determined by whatever a jury considers "reasonable" Can include punitive multipliers Virtually limitless 1.2 QUESTION 4 Fraud examiners and auditors use data analysis software as detecting a potential fraud in situations for which manual examination would prove extremely difficult or impossible. OA substitute for paper and pencil computations for An internal control useful for The ultimate system of red flags Supplements to analytical work in QUESTION 5 Fraud professionals in the IT audit environment need to be cognizant of the possibility that, IT personnel may not understand accounting standards and terminology Sophisticated spear-phishing attacks may have altered the data in the system O One or more of the IT systems personnel may be colluding with others to commit or conceal fraud Ghost IT systems can exist within a company (much like shell companies) that can be almost impossible to detect