Question

ATTACH A WORD DOCUMENT TO ANSWER THE FOLLOWING QUESTIONS. (short answer)

1. What is collusion and why it's difficult to detect?

2. What are the signs (red flags) that makes an employer suspect an employee is stealing or causing computer crime?

3. Find a recent article of news that is related to computer crime or Accounting Fraud or Identity theft, Summarize it and tell me how it was detected and what was the punishment. 2-3 paragraphs.

Use the internal control power points and chapter 11 from the AIS book as well.

Answer 1

1)Answer:

Collusion is a non-competitive clandestine or sometimes illegal agreement between rivals that attempts to disrupt the market's equilibrium.It is a secret agreement between two or more parties to limit open competition by deceiving, misleading, or defrauding others of their legal rights, or to obtain an objective forbidden by law typically by defrauding or gaining an unfair market advantage.

Detection and deterrence of collusion are a longstanding antitrust problem. Collusion includes circumstances where some firms act in unison to raise the prices that they charge their customers, or to lower the price that they pay to acquire goods or services, or to otherwise inhibit competition.