Which of the Following Is an Example of Input Fraud

question 28

Multiple Choice

Which of the following is an example of input fraud?

• A)A man used desktop publishing to prepare bills for office supplies that were never ordered or delivered and mailed them to local companies.The invoices were for less than $300,an amount that often does not require purchase orders or approvals.A high percentage of the companies paid the bills.
• B)Two accountants without the appropriate access rights hacked into Cisco''s stock option system,transferred over $6.3 million of Cisco stock to their brokerage accounts,and sold the stock.They used part of the funds to support an extravagant lifestyle,including a $52,000 Mercedes-Benz,a $44,000 diamond ring,and a $20,000 Rolex watch.
• C)The office manager of a Wall Street law firm sold information to friends and relatives about prospective mergers and acquisitions found in Word files.They made several million dollars trading the securities.
• D)A fraud perpetrator scanned a company paycheck,used desktop publishing software to erase
• The payee and amount,and printed fictitious paychecks.

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Definitions:

International Marketplace

The global economic environment in which businesses operate, allowing for the exchange of goods and services across national borders.

Quality Objectives

Goals that relate to the consistency and excellence of a product or service, usually defined in a company's quality management system.

Quality Control

The processes and measures implemented to ensure that products or services meet specified quality standards.

High Standards

The practice of setting and adhering to elevated expectations or benchmarks, often aimed at achieving superior quality or performance.