Subject Code : MAC002
Country : Australia
Assignment Task :

Task:

 

Section1: Answer all the questions; each question is worth 1 mark (5 *1 = 5 marks)

 

  1. All of the following controls for online entry of a sales order would be useful except

 

    1. check digit verification on the dollar amount of the order.

    2. validity check on the inventory item numbers.

    3. field check on the customer ID and dollar amount of the order.

    4. concurrent update control.

 

[Answer here]

                      A        

 

 

 

  1. Cancellation and storage of documents means

 

A) documents are defaced and stored.

B) documents are defaced before being shredded.

C) cancellation data are copied from documents before they are stored.

D) data are copied from a document and stored before it is being shredded.

[Answer here]

                 A              

 

 

 

  1. The batch processing data entry control that sums a field that contains dollar values is called

 

A) record count.

B) financial total.

C) hash total.

D) sequence check.

 

[Answer here]

               B               

 

 

 

  1. Identify the opportunity below that could enable an employee to commit fraud.

 

A) An employee's spouse loses her job.

B) The company does not have a clear policies and procedures for the employee to   

     follow.

C) The employee is experiencing financial hardship.

D) An employee is upset that he was passed over for a promotion.

 

 

 

[Answer here]

                  B            

 

 

 

  1. Which of the following is not a risk associated with the data input process?

 

A) Data is invalid.

B) Data is incomplete.

C) Data is inaccurate.

D) Data is corrupted.

 

[Answer here]

          D                    

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Section 2: Answer All questions. Please attempt all parts of the questions

(15 * 3 = 45 marks)

 Question 1:

 

  1. Computer fraud can have adverse effects on Accounting Information Systems. What is your definition of computer fraud? Do you agree that there has been a rise in computer fraud in recent times? (10 marks)

[Answer here]

 

Computer fraud refers misrepresentation, is a cybercrime and the demonstration of utilizing a PC to take or change electronic information, or to increase unlawful utilization of a PC or framework. In the United States, PC extortion is explicitly restricted by the Computer Fraud and Abuse Act, which condemns PC related acts under government purview. PC extortion is the utilization of PCs, the Internet, Internet gadgets, and Internet administrations to dupe individuals or associations of assets. Unlawful PC exercises incorporate phishing, social building, infections, and DDoS assaults are a few models used to disturb administration or access another's assets. Yes, computer fraud can have adverse effects on Accounting Information systems. For example ,wrong entry of data by the employees can have adverse effect on accounting information system. Negligence in entering data to the system can have huge loss. Destruction of data by any employees can have significant impact in the economic decisions of the company. Deletes and distortion are threats to the accounting information's systems.

 

The greater part of the computer fraud is accomplished for the principle motivation behind picking up cash either by taking the required data from large associations/firms or straightforwardly taking assets from enormous associations/firms.

Yes, I do agree and there is no doubt that there has been significant rise in computer fraud in recent times. Due to dishonesty of the employees, we can hear the news of insider trading which is one kind of fraudulent behaviour. Big companies are facing a huge financial distress as frauds like distortion and deletes of data's were not recognised in time which led them to have different financial decision. Also, enforcing of the law   been able to trace the growth of computer frauds, so they have found an easy way to earn money. Many internet sites and networks are not safe so there has been massive increase in computer fraud.

 

 

 

 

 

 

 

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