Unit 10 - Fraud Analysis
Raging Pineapples
Registered Posts: 110 Dedicated contributor 🦉
I'm working on unit 10, and would just like some thoughts on Fraud.
How many types of fraud/error should I analyse? I have one high-risk example and two low-risk ones.
If I think up 2 more, should that be enough?
EDIT: My tutor explained that Fraud can in this context simply mean error; so it need not only comprise deliberate malicious acts. By that standard, would such things as computer viruses and trojans be applicable? I should imagine so, along with Identity theft (trojan used to steal customer data and sell it on to 3rd parties).
How many types of fraud/error should I analyse? I have one high-risk example and two low-risk ones.
If I think up 2 more, should that be enough?
EDIT: My tutor explained that Fraud can in this context simply mean error; so it need not only comprise deliberate malicious acts. By that standard, would such things as computer viruses and trojans be applicable? I should imagine so, along with Identity theft (trojan used to steal customer data and sell it on to 3rd parties).
0
Comments
-
You need to identify POTENTIAL areas of fraud from CONTROL avoidance
You need to wear your auditor’s hat here and think where and how can a company lose it’s assets through avoidance of control.
For example. Can a check out operator in the supermarket defraud the company?
If so how?
How likely it is?
If it does happen what impact will that have on the company?
How can you prevent it?
But of course you will be considering the above issues on employee’s working the accounting department.
If you have thought of 3 examples then that is sufficient for your project purposes.
Does Fraud mean Errors. It’s a question of judgement. But if your tutor is happy with that, then that's fine because your objective is get the project completed and signed off.0
Categories
- All Categories
- 1.2K Books to buy and sell
- 2.3K General discussion
- 12.5K For AAT students
- 325 NEW! Qualifications 2022
- 160 General Qualifications 2022 discussion
- 11 AAT Level 2 Certificate in Accounting
- 56 AAT Level 3 Diploma in Accounting
- 95 AAT Level 4 Diploma in Professional Accounting
- 8.8K For accounting professionals
- 23 coronavirus (Covid-19)
- 273 VAT
- 92 Software
- 274 Tax
- 138 Bookkeeping
- 7.2K General accounting discussion
- 202 AAT member discussion
- 3.8K For everyone
- 38 AAT news and announcements
- 345 Feedback for AAT
- 2.8K Chat and off-topic discussion
- 582 Job postings
- 16 Who can benefit from AAT?
- 36 Where can AAT take me?
- 42 Getting started with AAT
- 26 Finding an AAT training provider
- 48 Distance learning and other ways to study AAT
- 25 Apprenticeships
- 66 AAT membership