I’m working on a Accounting question and need guidance to help me study.
For this week’s 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 (2) 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?