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
In so doing, they fathom the criteria applicable to unmasking the frauds (Vahdati & Yasini, 2015). Therefore, this will help them in preventing the computer frauds in the future. Also, the accountants gain knowledge of financial accounting and reporting at a higher. The accountants acquire knowledge that will help them in honing their accounting skills as well as financial reporting skills. To uncover, the computer frauds the accountants need to possess the financial reporting skills.
Also, accountants gain knowledge of how to improvise techniques of putting in place internal controls. The accountants get skills of securing data in sophisticated ways. Lastly, the accountants understand where the information resides. Successful fraud examiners are required to possess knowledge on how to acquire data from the corporate background and understand how corporates work internally. For instance, the accountants acquire knowledge on how to access data from the server (Singleton, & Singleton, 2010).
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