the outbreak of the COVID-19 pandemic impacts on the accounting information system as a natural disaster and the strategies businesses can adopt to maintain current business operations.

Q: What actions to be taken on error/fraud discovery?

A: An auditor is a person who is held responsible for fraud or error detection as he or she is auditing…

Q: What is the audit committee’s potential role in overseeing cyber risk?

A: Audit: It is an independent examination of books of accounts of the company with a view to represent…

Q: Objective Type Question: Considering the information presented in the discussion on forensic…

A: Eliminating the incorrect options:Option A. Uncovering financial irregularities after they…

Q: Question 3 "Internal controls are more than just about detection and prevention of fraud in an…

A: Internal control refers to the measures, policies, and procedures that an organization implements to…

Q: What processes or regulations should be developed to minimize ethical fraud concerns?

A: This question explains about ethical fraud concerns

Q: Information Risk Analyst (IT Controls Audit) will help the organization assess risk controls and…

A: Risk The possibility of occurring a loss in a business is known as a risk. It is very important to…

Q: GAAP framework

A: organizations use the GAAP framework of internal control as a benchmark when assessing the…

Q: 21. In performing effective risk assessment, organizations should: Group of answer choices None of…

A: The question is related to Auditing. Effective risk assessment allows to identify the gaps…

Q: Which of the following is NOT one of the purposes of internal control? a. to guarantee the success…

A: Internal control involves procedures and policies to ensure the integrity of the accounting…

Q: Financial systems are the hub of any establishment, and with the pandemic crisis still ongoing, most…

A: Financial systems refers to set of institutions such as banks, insurance companies, stock exchanges…

Q: Please help with Development of an Anti-Fraud Program The potential for fraud occurs in all…

A: It is believed that for an effective and efficient anti-fraud program to be executed successfully…

Q: Companies of all sizes try to reduce business risks, create disaster recovery plans, and also…

A: Business risk Business risk is the risk of lowering the profits of a company. Any factor that…

Q: How audit programs that need to be made to detect vulnerabilities in the firewall?

A: Auditing for security is very important and requires frequent and strict auditing that covers…

Q: 9 Explain how the effectiveness of general control affects the auditor's test of automated…

A:

Q: Oc. install surveillance cameras. d. collect physical evidence.

A: Q10 a . install reporting hotlines is right answer   Explanation : A hotline is a critical  part of…

Q: Using the following table as a guide, describe for each function (see Figure 11.1): A risk (an…

A: The risk and control process that will use the technology to handle the risk :

Q: Fraud Detection and Prevention in Civil Engineering - Brief Information   Step 1: Risk Assessment…

A: Eliminating the incorrect options:B) Minimal employee trainingReason: Minimal employee training is…

Q: What category of control procedures best describes a reconciliation account, such as Accounts…

A: Internal Controls:   It refers to a process for ensuring the business is conducted in an effective…

Q: Which of the following is an inherent limitation of any client's internal control? Multiple Choice •…

A: The inherent limitation of any client's internal control is the possibility of human error,…

Q: Explain at least three

A: Talent acquisition is one of the more well-known functions of any HR department. Making…

Q: This is a process of evaluating the effectiveness of a client's internal controls in preventing or…

A: INTERNAL CONTROL IS A MECHANISM WHICH IS IMPLEMENTED TO ENSURE THE INTEGRITY OF FINANCIAL AND…

Q: uestion 14 Controls are not designed to provide assurance that: A. Transactions are executed in…

A: Internal controls are the rules and regulations laid down by the management which must be followed…

Q: Articulate when and how to report actual or suspected fraud

A: A fraud is when the actual activity or transaction differs from the stated or recorded transaction…

Q: Risk management is a process of analytical and management activities that focus on identifying and…

A: Risk management refers to the process of identifying, assessing, and prioritizing potential risks or…

Q: The purpose of ____________ is to help manage and control risk appropriately rather than to…

A: Internal accounting is the process of preparation of accounting for business transactions. Internal…

Q: A malware attack on IT systems is a A. financial risk B. C. operational risk strategic risk D.…

A: STEP 1 Risk is the possibility that the results or returns on an investment will not match…

Q: Responsibility for prevention and detection of fraud?

A: Fraud: It is a sharp and clever practice of the person to deceive some intentionally to secure…

Q: Explain auditors’ responsibility for fraud risk assessment and define and explain the differences…

A: Fraud is an activity in a social environment with serious economic, corporate, and individual…

Q: Which preventive, detective, and/or corrective controls would best mitigate the following threat,…

A: A criminal remotely accessed a sensitive database using the authentication credentials (user ID…

Q: controls prevent, detect and correct transaction errors and fraud. A General B Detective (C)…

A: A. General Controls:General controls are overarching controls that apply to an organization's…

Q: secondarily responsible for prevention and detection of frauds

A: Option a is wrong because management is primarily responsible for prevention and detection of fraud.…

Q: The factors affecting control risk include: O The environment in which the company operates The…

A: CONTROL RISK IS THE LIKELIHOOD THAT A MATERIAL MISSTATEMENT WOULD NOT BE CAUGHT BY THE CLIENT'S…

Q: Internal control at any organization is important because: Multiple Choice OIt reduces the chances…

A: Internal control is a set of procedures incorporated in the operational activities of business to…

Q: Explain how the outbreak of the COVID-19 pandemic impacts on the accounting information system as a…

A: Introduction The outbreak of COVID 19 have affected all functions of companies all over the world in…

Q: In 2021, Southwestern Corporation completed the treasury stock transactions listed below. February…

A: Treasury stock refers to the stock reacquired by the company and company pays cash to acquired these…

Q: Internal Audit

A: Management accountant heavily depends on internal financial controls like_______ to plug loopholes…

Q: Explain the importance of Audit committee in an organization

A: Audit refers to the process of physically investing or examining the financial information of any…

Q: (ANSWER IN PARAGRAPH FORM) What are the most significant challenges that auditors face when…

A: For a variety of reasons, evaluating the effectiveness of internal controls involving information…