BFA504 - Accounting Systems and Proceses - Accounting and Finance Assignment Help

Assignment Task:

Task:

Learning objectives

After studying this presentation, you should be able to:

5.1 discuss and provide examples of cybercrime

5.2 evaluate the impact of fraud on organisations and describe two types of fraud

5.3 describe and evaluate controls that reduce the risk of crimes facilitated by technology

5.4 discuss privacy law regulations and how privacy protection is important to IT

What is Fraud?

• ASA 240:11:
• an intentional act by one or more individuals among management, those charged with governance, employees, or third parties, involving the use of deception to obtain unjust or illegal advantage.

• There are two types of fraud considered in the context of ASA 240:

• Financial reporting fraud;
• Misappropriation of assets fraud.

Learning objectives

After studying this presentation, you should be able to:

7.1 explain the importance of control activities in the accounting process

7.2 evaluate internal controls as general or application

7.3 evaluate controls relating to the stages of data processing

7.4 describe the aims of a computerised accounting information system

7.5 explain and provide examples of general controls

7.6 explain and provide examples of application controls

7.7 evaluate the operation and components of a disaster recovery plan

7.8 critique the execution of control activities

7.9 demonstrate the different techniques for documenting a control system

7.10 evaluate the effectiveness and limitations of a control system.