Chapter 10, Problem 1QAP

Before hiring someone for a position involving access to cash, checks or inventory, a company should check the applicant’s: past employment references criminal convictions all of the above

How can companies handle the possible increase in lawsuits, derived from the legislation on workplace harassment.

Some companies use internal social media networks for work-related employee communications. Would the same legal rules that apply to monitoring public social media platforms, such as Twitter and Facebook also apply to company-provided social media platforms?

The use of information technology raises significant ethical issues such as computer crime, data security, privacy and so on. Computer ethics is the analysis of the nature and social impact of computer technology, as well as formulation of appropriate policies for the ethical use of such technology. The following statements address computer ethics, except :A. The company restricts access to external websites.B. Company policy to prevent the use of portable storage devices on work computers.C. Keep dan maintain software licenses legal and up-to-date.D. Enforces policies for employees who share information about customers on social media. Explain why you choose your answer, and not the other (in max 200 words).

Which preventive, detective, and/or corrective controls would best mitigate the following threat, and why? (i)To facilitate working from home, an employee installed a modem on his office workstation. An attacker successfully penetrated the company’s system by dialing into that modem.

In some occupations and in some industries, the running of a business may involve sensitive information. It could be something as simple as a recipe or as complex as a medical file but, regardless, the employee must sign an employment contract with very specific requirements that the employee not take certain actions.    In short, these are called restrictive covenants, which are terms in an employment contract that outline conditions, promises, and restrictions of the employee with regard to the business.   What are 2 examples of restrictive covenants? List and explain why you chose them.

Two very common ways that employees commit fraud against their employers is the misstatement of reimbursable expense accounts and the misuse of office supplies for personal purposes. Although these schemes are usually not individually significant, their magnitude can be damaging if these practices are widespread. Please comment on these types of fraud (and other examples of employee fraud) and what internal controls they would put in place in an organization to curb this activity.

Responsibilities to Clients’ Cases. Read the following cases. For each case, state whetherthe action or situation shows a violation or potential for violation of the AICPA Code ofProfessional Conduct, explain why, and cite the relevant rule.a. CPA Sal Colt has discovered a way to eliminate most of the boring work of processingroutine accounts receivable confirmations by contracting with the Cohen Mail Service.After the auditor has prepared the confirmations, Cohen stuffs them in envelopes, mailsthem, receives the return replies, opens the replies, and returns them to Colt.b. Cadentoe Corporation, without consulting Jora Cramer, its CPA, has changed itsaccounting so that it is not in conformity with GAAP. During the regular audit engagement, Cramer discovers that the statements based on the accounts are so grossly misleading that they might be considered fraudulent. Cramer resigns the engagement aftera heated argument. Cramer knows that the statements will be given to Sandy Panzer,…

Having a corporate code of ethics that prohibits employees from accepting gifts from customers or vendors is an example of which component of internal control?a. Control environmentb. Risk assessmentc. Control proceduresd. Information system