Which of the following is a recommended activity that organizations should engage in to protect their proprietary information from threats?

• A.Prohibiting all nonemployees from entering the organization's premises
• B.Storing devices that contain sensitive data in specially constructed quiet rooms
• C.Practicing data minimization to limit the information available during a data breach
• D.Enlisting a company task force to identify the information security practices of competitors

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Otto, a bank manager, purchases a new boat that he cannot afford. Knowing that one of the bank customers is an older client who does not regularly check their account, Otto takes money from the customer's account to make his boat payments. To conceal the missing amount, Otto adjusts the bank's general ledger. Which of the following BEST describes Otto's scheme?

• A.Unauthorized withdrawal
• B.False accounting entry
• C.Moving money from dormant accounts
• D.Unauthorized disbursement of funds

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The amount of cash on hand in a register may be compared to the amount showing in the register tape in order to detect _______.

• A.Employee theft
• B.Recorded sales
• C.Internal audits
• D.Occupational frauds

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Which of the following statements is MOST ACCURATE regarding financial reporting practices and accounting frameworks, such as U.S. generally accepted accounting principles (GAAP) and International Financial Reporting Standards (IFRS)?

• A.All publicly traded companies are required to adopt either U.S. GAAP or IFRS as their accounting framework.
• B.Organizations that conduct business internationally must adopt IFRS as their accounting framework for financial reporting.
• C.U.S. GAAP is a principle-based accounting framework, and IFRS is a rules-based accounting framework.
• D.The financial reporting practices that a publicly traded company must follow are determined by the company's jurisdiction.

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Which check tampering red flag may indicate employees have embezzled cash and charged the embezzlement to expense accounts?

• A.Missing checks
• B.Voided checks
• C.Duplicate checks
• D.Payable checks

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