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Explain a fraud technique in relation to the revenue cycle

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a) You have started work at Bell Financials where they offer financial advice to their clients. Bell keeps a database of their clients and their financial records. They have just read about the ransomware attacks on Spotless Inc and ask you for your advice on ways to protect themselves. List 5 things Bell should be doing to help protect their core database of client information from ransomware attacks.

b) Because of your valuable responses around ransomware, Bell management ask for your opinion about whether they should consider moving their existing accounting software into the cloud (as their accounting software they have installed in the offices is now available as a cloud based option). You decide to just tell them the advantages and disadvantages of having a cloud based system and let them make the decision. What would you tell them?

c) Explain a fraud technique in relation to the revenue cycle.

d) In the revenue cycle as discussed in the lectures, who does the Shipping Department notify when they process a shipment?

Reference no: EM132718493

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