Operations fraud includes
a. altering program logic to cause the application to process data incorrectly
b. misusing the firm's computer resources
c. destroying or corrupting a program's logic using a computer virus
d. creating illegal programs that can access data files to alter, delete, or insert values
B
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The term "LIFO" relates to the merchandise in inventory at the end of the accounting period, not to the merchandise sold during the period
a. True b. False Indicate whether the statement is true or false
How frequently does the PCAOB inspect registered accounting firms that audit 100 or more issuers?
a. Annually b. Every two years. c. Every three years d. Every five years.
Which of the following cost drivers is often disregarded in a traditional costing system?
a. Pounds of direct material c. Direct labor dollars b. Machine hours d. Variety of products manufactured
Please identify the letter of the choice that best matches the situation described below.
A. You want to recommend a training session you attended B. You are summarizing the results of a customer survey C. Your manager asks you to propose an employee fitness program D. You are assisting on a detailed plan to expand your department E. You are proposing a new way to handle customer phone calls