COMPUTER FRAUDS

Answer the question

Why Preventing and responding to computer fraud is important for accountants to possess knowledge.

Give 5 reasons and explain a little bit on each.

250 words

Answer preview

Preventing and responding to computer frauds is essential to the accountants in the following ways.  First, its helps accountants gain skills of using modern technology and software to prevent frauds in future.  Currently, use of modern technology devices and software have been heavily employed by firms in detecting and preventing frauds. The accountants get knowledge such as the use of AIS and other sophisticated technologies accounting (Singleton, & Singleton, 2010). They also gain the ability to use technology to follow data trails. Secondly, the accountants gain knowledge in historical financial information audit…