Garrett Cerda

! Required information Chapter 04 Problem 4-31 LO 4-6, 4-9 [The following information applies to the questions displayed below.] Management fraud (e.g., fraudulent financial reporting) is a relatively rare event. However, when it does occur, the frauds (e.g., Enron and WorldCom) can have a significant effect on shareholders, employees, and other parties. The PCAOB's AS 2401, Consideration of Fraud in a Financial Statement Audit, provides the relevant guidance for auditors. Chapter 04 Problem 4-31 Part c LO 4-6, 4-9 c. Select the items that are most likely to be objectives of the "brainstorming" meeting that is held among the engagement team members: Note: You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. ?Share insights about the entity and its environment and the entity's business risks. ? Provide an opportunity for the team…

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Required information Chapter 04 Problem 4-31 LO 4-6, 4-9 [The following information applies to the questions displayed below.] Management fraud (e.g., fraudulent financial reporting) is a relatively rare event. However, when it does occur, the frauds (e.g., Enron and WorldCom) can have a significant effect on shareholders, employees, and other parties. The PCAOB's AS 2401, Consideration of Fraud in a Financial Statement Audit, provides the relevant guidance for auditors. Chapter 04 Problem 4-31 Part b LO 4-6, 4-9 b. Select the three conditions that are generally present when fraud occurs: Note: You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Management or other employees have an incentive or are under pressure that provides a reason to commit fraud. Circumstances exist that provide an opportunity for a fraud to be carried…

6 Discuss deterrence, prevention, and detection in governmental fraud. What do you think is the best aapproach and why?

Required information Chapter 04 Problem 4-31 LO 4-6, 4-9 [The following information applies to the questions displayed below.] Management fraud (e.g., fraudulent financial reporting) is a relatively rare event. However, when it does occur, the frauds (e.g., Enron and World Com) can have a significant effect on shareholders, employees, and other parties. The PCAOB's AS 2401, Consideration of Fraud in a Financial Statement Audit, provides the relevant guidance for auditors. Chapter 04 Problem 4-31 Part b LO 4-6, 4-9 b. Select the three conditions that are generally present when fraud occurs: Note: You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Management or other employees have an incentive or are under pressure that provides a reason to commit fraud. Circumstances exist that provide an opportunity for a fraud to be carried…

Which of the following provides the best example of a systematic risk event?   Group of answer choices   A strike by union workers hurts a firm's quarterly earnings Mad Cow disease in Montana hurts local ranchers and buyers of beef A pandemic caused by the coronavirus shuts down businesses across the globe A senior executive at a firm embezzles $10 million and escapes to South America

32 33 Which of the following is a responsibility of the SEC? Investigating violations of securities law statutes Investigating violations of anti-trust statutes Instituting regulations for workplace safety Instituting regulations for employee information privacy The financial crisis of 2007-2010 was the main cause of the Dodd-Frank Act. False True 34 Fatty's Fish Fry shop was caught disseminating false advertising when it made a claim that its main competitor was selling fish laced with poison and mercury. Which of the following is true? Fatty's can be stopped from making false claims and may be sued by the injured competitor. Fatty's can only be enjoined from making false statements about its competitor. Fatty's can only be sued on criminal charges by its competitor under the Lanham Act. Fatty's is guilty of failure to disclose.

Question 1The accounting information systems designed and installed in organizations are exposed not only to risks that emanate from users such as fraud, terrorisms, theft and other intentional acts for which control measures must be installed to check and minimize these risks, but also risks that emanate from natural disasters such as widespread flood, earthquake, fire, hurricanes, pandemic outbreak etc. which in most cases are uncontrollable or prevented. In this regard, organizations must have a disaster recovery plan (contingency plan) in place so that the full impact of a naturally occurring disaster can be absorbed to ensure business continuity.Discuss the contingency plans that must be in place before, during and after the outbreak of COVID-19 so that businesses can fully absorbed the pandemic to ensure business continuity.

What provisions in the Dodd-Frank Wall Street Reform andConsumer Protection Act are designed to prevent a futurefinancial crisis?

Y2 Please help with Development of an Anti-Fraud Program The potential for fraud occurs in all organizations, regardless of the industry in which it operates, financial structure, or size. Every organization is vulnerable to fraud. The risk of fraud should be reduced as much as possible to improve the longevity of the organization. Hence, preventing, deterring, and detecting fraud are crucial to the success of organizations. Deterring and preventing fraud can be more economical than detecting, investigating, and recovering from fraud after the fact. These anti-fraud measures must start at the top and must be communicated throughout the organization. They must go beyond internal controls yet consider the cost-benefit. Please explain ho to develop an anti-fraud program, or model, that can be implemented in any organization. In other words, don't apply the model to a specific organization. The model, if applied correctly, must be efficient in preventing, detecting and deterring fraud.…

Do you think that Sony’s response to the attack was appropriate? Why or why not? What might Sony and the U.S. government done differently to discourage future such attacks on other U.S. organizations? Are there measures that organizations and the U.S. government can take together to prevent both real-world terrorist violence and cyberattacks? According to a recent report by Gartner, most business users will have access to some sort of self-service BI tool within the next few years; however, Gartner estimates that less than 10 percent of companies will have sufficient data governance practices in place to prevent data inconsistencies across the organization. Why do you think so many companies continue to invest in new analytics tools without implementing governance programs that ensure data consistency?

The Sarbanes-Oxley Act of 2002 is a governmental response to: Multiple Choice decreasing corporate profits. the terrorist attacks on 9/11/2001. the harm caused to stock markets by SARS, MERS, COVID-19, and other pandemics. deregulation of the stock exchanges. management greed and abuses. 5 PIL O

Which one(s) of the following most likely represent(s) a source of unsystematic risk? I. COVID-19 II. Russian assault on Ukraine III. A labor strike at an automobile company. III only I and II I, II, and III Il only I only

f In addition to the risk factor identified in the preceding question, another risk factor relating to misstatements arising from fraudulent financial reporting is: Multiple Choice Earnings this year are lower than management had hoped. Accounts payable are limited to commercial suppliers. Sales are made to residential, commercial, and governmental purchasers. The industry faces great technological changes in almost all of its products. Untitled docume...pdf Untitled docume....pdf docx Presentation se...pdf Untitled docume...pdf MacBook Air

What is a good response to? Small businesses are increasingly vulnerable to cyber-attacks, which can cause serious disruptions to daily routines and significant financial losses (Sutch, 2023). One of the most damaging types of attack is a denial-of-service attack, also known as a DoS attack. This type of attack is launched against a network or website in an attempt to overwhelm it with traffic, which can cause it to become unavailable for legitimate users. This can have a crippling effect on small businesses, as they often lack the resources to be able to prevent or mitigate such incidents effectively (Sutch, 2023). If a website or online service is unavailable due to a denial-of-service attack, customers may be unable to purchase products or services, resulting in lost revenue for the business (Sutch, 2023). For small businesses, this type of attack can cost them over $120,000. For enterprise corporations, DoS attacks have risen to over $2 million in costs. Not only do…