Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Read the following facts about some computer crimes.What controls might prevent these issues from happening?Give one control per computer crime and explain how it would

Read the following facts about some computer crimes.What controls might prevent these issues from happening?Give one control per computer crime and explain how it would prevent the issue.If you believe that more than one control may be needed to prevent one of the issues you may include more than one control for that issue in your response.

1. The sales manager receives a bonus based on sales.He records fictitious sales near the end of each year, and then reverses the sales entry in the accounting information system in the following year, after his bonus has been calculated.

2. The accounts payable clerk downloads free software that he believes will make his job easier.This software has a hidden virus in it which infects the network.

3. The accounts payable clerk is able to set up fake vendors and pay them for fake invoices.These payments actually end up going to the accounts payable clerk's personal bank account.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Practicing Financial Planning

Authors: Sid Mittra, Anandi P Sahu, Brian Fischer

12th Edition

9386042851, 9789386042859

More Books

Students also viewed these Accounting questions

Question

What evidence is there of British influence on accounting in India?

Answered: 1 week ago

Question

1. Background knowledge of the subject and

Answered: 1 week ago