Aila B.

Butas ACCTG 320 TTH 12:00- 1:00 PM

BSMA-3

Learning Points in Ethics, Fraud and Internal Control

Data collection fraud is the most vulnerable because it is relatively easy to change data as
it is being entered into the system. In addition, fake data is defined as data that has been made up
and/or reported incorrectly. Data that has been changed or otherwise altered to misrepresent real
study results is known as misleading data. Data collection is an overview of fraudulent and
misleading data, it offers potential consequences of this practice. It is preferable to minimize this
type of research misconduct during data collection to avoid producing unreliable result.

Computer ethics concerns the social impact of computer technology (hardware, software,
and telecommunications). Through the use of computer humans have organized their work, their
communities and their time. Also, the society have influenced the development of computers to
aid the needs of people in processing information.

The weaker the internal control structure, the higher the assessed level of risk; the higher
the risk, the more auditor procedures applied in the audit. One main goal of the test controls in an
audit of internal control is to gain proofs about the effects of controls to back up auditor's opinion
on the business's internal control over the report of finance. His opinions relate to the effectiveness
of the business's internal control over the matter which is the internal control over the financial
reporting as of a time that it was taken as a whole.

When tasks are performed by the computer rather than manually, the need for an
independent check is not necessary. There are audit problems that could likely be impossible to
perform manually because it's based on the complex process (advanced statistical analysis). These
audit problems could include bigger amounts that render incapable of manual process. Moreover,
a lot of computer information’s system could not carry out hard copy evidence making it unfeasible
for the auditors especially trying to perform the manual process.