Comment on these two organizational structures.
Head of the Organization
Head of the Organization
Comp apps- allows us to transfer processes to machines
Risks- improperly programmed, computer program will calculate return incorrectly
Help us achieve our business objectives. Mitigate risks that get in the way of achieving
What typically has broken down that provides an opportunity for fraud?
Which of the following are examples of rationalizing one's fraudulent actions?
The boss is stealing too.
Which of the following are examples of motives to fraud?
Physical Infrastructure what surrounding the IT equipment must be made of fire resistant material.
Concrete walls and drywalls. Raised floor for computer centers in event of flooding. Water detection
systems can be installed on concrete
are granted access
Those no longer
needing access are
Users are granted
Audit risk model
Audit risk= inherent risk * control risk * detection risk
Audit risk- risk that audit fails
Inherent risk- risk associated with transaction or business just by nature of transaction
Control risk- risk control will not prevent detect mater
Fraud- is an intentional deception which may result in injuring another.
False representation- false statement or an omission of material facts
Reliance information or omission must be relied on by another party
Aware- person making the fa
Network and telecommunications
Network- interconnection between 2 machines
NIC- network interface card-external port allows computer to be connected to network
Physical port 1 ; Logical port 64,000
Category 5 twisted pair copper wire used in most networks
Chapter one- AIS
Objective of accounting- to provide information that assist in making decisions
FASAB Concept No 2 defines accounting as an independent system
Accounting Education Change Commission (AECC) said curriculum should emphasize that accounting
Chapter 2 Transaction cycles:
Transactions: an agreement to exchange goods/services measure in economic terms.
Transaction cycle give get
Data processing cycle- the four operations, (data input, data storage, data processing, and information
Managements Role and Responsibility
Management is responsible establishing and achieving the objectives of the organization. Have the
responsibility to ensure the IT strategies are aligned with those of the organizations as a whole.
Four categories of cor
Systems Documentation Techniques
Documentation narratives flowcharts diagrams and other written materials that explain how a system
Narrative Description- written step by step explanation of system components and how they interact.
515 Smith Street
Boston, MA XXXXX
Tranquility Funeral Home, Owner
400 Rock Street
Memphis, Tennessee 38152
Per your request, I was asked to address the issue of when the income from
preneed funeral contracts should be incl
Ethical Hacking Paper
An ethical hacker defined by the EC-Council as an individual who is usually employed with the
organization and who can be trusted to undertake an attempt to penetrate networks and/or computer
systems using the same methods and techni
What is Ethical Hacking?
Ethical Hacker an individual who is usually employed with the
organization and who can be trusted to undertake an attempt
to penetrate networks and/or computer systems using the
same methods and techniques as hacke
CH 19 MC questions for discussion
A temporary difference arises when a revenue item is reported for tax purposes in a period
After it is reported Before it is reported
in financial income in financial income
a. Yes , Yes
b. Yes No
c. No Yes
CH 17 MC Questions
23.Securities which could be classified as held-to-maturity are
Unrealized holding gains or losses which are recognized in income are from securities classified as
redeemable preferred stock.
CH 21 questions for discussion
23.Which of the following best describes current practice in accounting for leases?
Leases are not capitalized.
Leases similar to installment purchases are capitalized.
All long-term leases are capitalized.
greater than 75% of the economic
life (6 years) of the leased
Crazy Eddie, Inc. Balance Sheets
Short Term Investments
Total Current Assets
Crazy Eddie Financial Statement Analysis
The common sized financial statements for Crazy Eddies for the years 1984-1987 are provided in the
appendix. (attach financials from excel). The key financial ratios, the horizontal and vertical analysis are
Audrie and Daisy
Audrie and Daisy is a documentary on Netflix that tells the stories of two American high school students
across the country in two different kinds of communities who both experience sexual assaults. The documentary then
follows the outcom
Guide for analyzing cases
1. Briefly define: any accounting or business terminology that you are not familiar with.
Look up any words you do not know!
2. Summarize the situation factually and objectively.
a. Include the relationships among the parties.
Internal and Governmental Financial Auditing and Operational Auditing
26-1 Internal auditors who perform financial auditing are responsible for evaluating whether their company's internal controls are designed and operating ef
Other Assurance Services and Nonassurance Services
25-1 Levels of assurance represent the degree of certainty the practitioner has attained, and wishes to convey, that the conclusions stated in his or her report are correct. A
Chapter 24 Completing the Audit
Review Questions There are four presentation and disclosure-related audit objectives:
PRESENTATION AND DISCLOSURE-RELATED AUDIT OBJECTIVES Occurrence and rights and obligations Completeness Accuracy and valuation Class