Accounting Is? Discussion

Respond to the following in a minimum of 175 words:
(Judy)Virtually all organizations have at least some information system infrastructure. Share at least five risks to accounting information systems, either from your work experience, the textbook, or from research the internet.
Linda Duerr-Webb
Respond to the following in a minimum of 100 words:
Virtually all organizations have at least some information system infrastructure. Share at least five risks to accounting information systems, either from your work experience, the textbook, or from research the internet.
An Accounting information system is a computer-based system that has a collection to store and process financial and accounting data that is used internally for reporting to investors, tax authorities, and creditors. This system’s set up with a database structure with query language for manipulation of tables and data. This system should be set up with a highly secure platform to prevent an viruses or hackers from collecting the information.
Some of the threats that occur to the accounting information system are:
1) A hacker acting like an authorized user and using the telecommunication lines, therefore at the data collection level there should be controls set in place to make sure that the data is valid and free from material errors.
2) The creation of illegal programs or accessing/deleting files. This can happen at the data processing phase.
3) Corrupting or altering a program to produce incorrect information.
4) Not backing up files, therefore has the potential to lose a file if one is deleted.
5) Theft of misdirection can also happen during the reporting phase.
Linh Tran
Respond to the following in a minimum of 100 words:
Virtually all organizations have at least some information system infrastructure. Share at least five risks to accounting information systems, either from your work experience, the textbook, or from research the internet.
Accounting information system contains highly confidential and classified information and the need to preserve and secure the information is critical to all organizations that rely on accounting systems. Unauthorized access of the information can have a devastating effect which can range from changes to accounting data or even worst yet, deleted data that becomes irreplaceable. In this day of age, where most information is connected to a network-based system, the threat of system failure and unauthorized access is very real. There have been many incidents of security breach of financial data from accounting information system to both large corporations and government entities alike. Five examples of risks to accounting information system includes the following but not limited to:
1. General hardware or software failure to the accounting information system.
2. The presence of malware or virus that are designed to disrupt the system operation.
3. Human error that includes carless data disposal and incorrect data processing.
4. Unauthorized access from hackers that break into the accounting information system
5. Employee theft and dishonesty, whereby sensitive data is stolen for illegal and criminal use.
-Linh

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