Which of the following includes risks that are all related to accounting information system activities?
A) Computer system failure, information security breaches, errors and irregularities in transaction authorization
B) Computer fraud, errors and irregularities in transaction authorization, and internal audit fraud
C) Fraudulent financial reporting, external audit fraud, and concealment of illegal acts
D) Inadequate training, system failure, risk disclosure, and irregularities in transaction authorization

Question

Quizplus · Accepted Answer

Risks related to accounting information system activities include computer system failure, information security breaches, and errors and irregularities in transaction authorization. Computer fraud and internal audit fraud (option B) may be related to accounting information systems but are not specifically related to accounting information system activities. Fraudulent financial reporting and external audit fraud (option C) are risks related to financial reporting but may not necessarily be related to accounting information system activities. Inadequate training and risk disclosure (option D) may be related to accounting information system activities but are not exclusively related to them.

Which of the Following Includes Risks That Are All Related