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Question
Explain the shell company fraud.Answer
This answer is hidden. It contains 394 characters.
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Separating the data warehouse from the operations databases occurs for all of the following reasons except
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The Golf Club Company makes custom golf clubs. The manufacturing supervisor interviews people who have specialized manufacturing skills, and he informs payroll when an employee is hired. The employees use a time clock to record the hours they work. The employees are also required to keep a record of the time they spend working on each order. The supervisor approves all time cards.
The accountant analyzes the job tickets and prepares a labor distribution summary. Payroll prepares the payroll register and paychecks. The supervisor distributes the paychecks to the employees. Payroll informs cash disbursement of the funds required to cover the entire payroll amount. The cash disbursements clerk ensures that there are adequate funds in the company's regular checking account to cover the payroll.
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Legacy systems are
a. old manual systems that are still in place.
b. flat file mainframe systems developed before client-server computing became standard.
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Which of the following statements is least likely to be true about a data warehouse?
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OLAP stands for on-line application processing.
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The recommended data architecture for an ERP includes separate operational and data warehouse databases.
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A shell company fraud involves
a. stealing cash from an organization before it is recorded.
b. stealing cash from an organization after it has been recorded.
c. manufacturing false purchase orders, receiving reports, and invoices.
d. a clerk paying a vendor twice for the same products and cashing the reimbursement check issued by the vendor.