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March/june 2017 exam

This topic has 2 replies, 2 voices, and was last updated 8 years ago by Ken Garrett.

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September 21, 2017 at 9:50 am #408175
Anuja Nair
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Hi sir, for march/june 2017 exam question 18(b) regarding the inventory system. The deficiency that states that ” high value inventory is stored in a secured area, and the access code is the same across all the sites.”
How does this increase the risk of fraud ? Could you explain ?
September 21, 2017 at 12:23 pm #408189
Anuja Nair
Member
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This also significantly increases the risk of theft right ?
September 21, 2017 at 3:02 pm #408208
Ken Garrett
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Fraud/theft: not sure there’s a difference.
Risk is increased because an employee from any site could access high value inventory at any other site, or if an access code leaked out, it would work everywhere.
It’s a bit like having the same PIN on all your bank cards.
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