Question: Week 1 What is the relationship between data, information and an information system? (10 marks, maximum Week 2 A council health inspector threatens to close
Week 1 What is the relationship between data, information and an information system? (10 marks, maximum Week 2 A council health inspector threatens to close down a restaurant by issuing a fake health violation notice if the owner does not make a financial payment to him. If the restaurant owner does not cooperate, the restaurant cannot be opened for business and the negative publicity will drive customers away. Faced with the potential economic loss, the owner makes the payment. Required: a) What type of fraud is this? (4 marks, maximum ) b) What controls can be implemented to prevent or detect the fraud? (6 marks, maximum ) Week 3 How is a credit check in the advanced technology system fundamentally different from a credit check in the basic technology system? (10 marks, maximum ) Week 4 (Maximum ) The following is the description of cash disbursements system of Two Symbols Limited: Upon receipt of the documents from accounts payable department, the cash disbursements clerk files the documents until their payment due date. On the due date, the clerk prepares a cheque for the invoiced amount, which is sent to the treasurer who signs it and mails back to the supplier. The cash disbursement clerk then updates the cheque register, accounts payable ledger, and accounts payable control account from the clerk's terminal. Finally, the clerk files the invoice and copy of purchase order, receiving report, cheque in the department. Required: Describe the internal control weakness in Two Symbols' cash disbursements system and discuss the risk associated with the weakness. (10 marks, maximum
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