Question 1

Part of creating a knowledge management system is creating a visual map of its ideas. Create a visual map that depicts at least three major ideas related to internal control in accounting information systems.

Accepted Answer

The answer of Part of creating a knowledge management system...

Question 2

Kay was frustrated. She was auditing a new client for the first time, but the client's accounting information system was in complete disarray. The client, a multi-national corporation, had boxes and filing cabinets full of paper forms in at least three languages. She had been working very long days with her other clients, too. She needed to come up with a plan for making sense of the documents before she could proceed with any of the audit tasks.
-Kay has come to you for advice regarding this situation. To help her, explain your personal strategy for making decisions and managing knowledge.

Accepted Answer

The answer of Kay was frustrated. She was auditing a...

Question 3

Kay was frustrated. She was auditing a new client for the first time, but the client's accounting information system was in complete disarray. The client, a multi-national corporation, had boxes and filing cabinets full of paper forms in at least three languages. She had been working very long days with her other clients, too. She needed to come up with a plan for making sense of the documents before she could proceed with any of the audit tasks.
-Assume Kay has the background information and skills she needs to solve the problem. Use the first three levels of Steps for Better Thinking to advise Kay on how to proceed.

Accepted Answer

The answer of Kay was frustrated. She was auditing a...

Question 4

Arnold and Robin were trying to develop a strong internal control system for their company's acquisition/payment process. Suggest an appropriate question they should ask at each level of the Steps for Better Thinking framework. $\begin{array}{c}
\begin{array}{|l|}
 \hline \text {SBT level}\
 \hline \text {Knowing}\
 \hline \text {Identifying}\
 \hline \text {Exploring}\
 \hline \text {Prioritizing}\
 \hline \text {Envisioning}\
 \hline  
\end{array}
\begin{array}{l|}
\hline \text {Question to ask }\
\hline\
\hline\
\hline\
\hline\
\hline\
\hline

\end{array}
\end{array}$

Accepted Answer

The answer of Arnold and Robin were trying to develop...

Question 5

Kay was frustrated. She was auditing a new client for the first time, but the client's accounting information system was in complete disarray. The client, a multi-national corporation, had boxes and filing cabinets full of paper forms in at least three languages. She had been working very long days with her other clients, too. She needed to come up with a plan for making sense of the documents before she could proceed with any of the audit tasks.
-Kay has decided to create a knowledge management system for her client. Use the four objectives of knowledge management systems discussed in the text to explain to Kay's client what such a system will accomplish.

Accepted Answer

The answer of Kay was frustrated. She was auditing a...

Question 6

Kay was frustrated. She was auditing a new client for the first time, but the client's accounting information system was in complete disarray. The client, a multi-national corporation, had boxes and filing cabinets full of paper forms in at least three languages. She had been working very long days with her other clients, too. She needed to come up with a plan for making sense of the documents before she could proceed with any of the audit tasks.
-Kay is experiencing information overload. The text identified five common sources of information overload; explain which of the five are related to Kay's specific situation.

Accepted Answer

The answer of Kay was frustrated. She was auditing a...

Question 7

Kay was frustrated. She was auditing a new client for the first time, but the client's accounting information system was in complete disarray. The client, a multi-national corporation, had boxes and filing cabinets full of paper forms in at least three languages. She had been working very long days with her other clients, too. She needed to come up with a plan for making sense of the documents before she could proceed with any of the audit tasks.
-Kay is suffering from a very common problem associated with decision making. Identify and define the problem; then, identify and describe at least three general causes of it.

Accepted Answer

The answer of Kay was frustrated. She was auditing a...

Question 8

Match between columns
                        Premises:  A bookkeeper steals cash as it comes into the company. The bookkeeper later falsifies accounting entries using general ledger software to cover the trail.
 A bored teenager initiates a denial of service attack on his internet service provider's information system.
 A disgruntled former accountant uses a previously installed "back door" into an information system to lock out other users by changing their passwords.
 A gang of criminals breaks into a local retail store. They steal all the store's computers, and then later hack into them for the purpose of identity theft.
 A pair of computer criminals uses e-mail to contact victims for an illegal pyramid scheme. They use money from new investors, rather than profits, to pay off old investors, keeping most of the money themselves.
 A recently fired employee laid the groundwork for corporate espionage by installing spyware on the company's network.
 A student gains access to his university's information system. He then hacks the system to change grades for himself and his friends.
 A woman impersonates her wealthy employer, stealing personal information about the employer from her bank's information system.

Accepted Answer

The Answer of Alarms. and Biometric access controls. and Data is...

Question 9

Match between columns
                        Premises:  A cashier receives inadequate training and gives a customer too much change.
 A corporate spy sells information about new products to a firm's competitors.
 A cyber-criminal threatens to disable an air traffic control system unless he is provided with a flight out of the country.
 A data entry clerk increases prices by ten percent when inputting invoice data.
 A group of hackers bombard an information system with requests for information, preventing other users from accessing the system.
 A hacker introduces a virus in an information system.
 A restaurant waiter sells a customer's credit card number to a friend.
 A systems designer uses a secret password to bypass controls added by the client.
 Because of a power outage, payroll checks are processed two days late.

Accepted Answer

The Answer of Denial of service attack. and Disclosure of is...

Question 10

Match between columns
                        Premises:  Appropriate information is provided for management to operate the entity.
 Sensitive information is protected from unauthorized disclosure.
 The information complies with externally imposed business criteria.
 The information is available when required by the business process.
 The information is delivered in a timely, correct, consistent and usable manner.
 The information is in accordance with business values.
 The information is provided through the optimal use of resources

Accepted Answer

The Answer of Availability. and Compliance. and Confidentiality. and Effectiveness. is...

Quiz 15: Dicision Making Models and Knowledge Management

Part of creating a knowledge management system is creating a visual map of its ideas. Create a visual map that depicts at least three major ideas related to internal control in accounting information systems.

Match the most appropriate item with one item below.

Match the most appropriate definition with each element below.