Accounting Assignment: "Accounting Systems and Accruals"
For this discussion, research the most common threats to a computerized accounting system using the Internet and/or Strayer databases. Be prepared to discuss.
- Upon examination of the greatest threats to a computerized accounting system, suggest two preventive measures or remedies that protect the system and/or mitigate any negative impacts to the system. Provide a rationale for your response.
Your employer is concerned that the company's computerized accounting system is vulnerable to attack. After reviewing the system, you're in agreement. Write a brief report (approximately one paragraph in length) of how someone might hack into your systems and commit fraud with the accruals.
- What major damages to the company's financial statements could result from such a fraud?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.