Accounting Info Sys

"Companies should be held liable for losses sustained in a successful attack made on their AIS by outside sources

Accounting Information System (AIS ) combines the study and practice of accounting with the design , implementation , and monitoring of information systems ' With recent technological developments , modern information systems combined with traditional accounting controls and methods provide users the financial information needed to manage organizations faster and more efficiently

The major challenge that recently faces companies is the security of the information derived from their information systems against unauthorized users or outside sources

. According to Beard and Wen (2007

The use of Internet technologies has substantially increased the vulnerability of information systems . One of the fastest-growing threats on the Internet is the theft of sensitive financial data . Failure to include basic information security unwittingly creates significant business and professional risks (p . 1

For effective implementation of AIS , it must have provisions for controls . The AIS should provide adequate controls to ensure reliability and accuracy of financial data to safeguard assets and minimize errors and fraud (Cabrera , 2006 ) In the research of Laurie Henry , 44 of the loss of accounting information with the new technology is caused through malware malfunction and theft (cited in Ontracks Computer , 1996 ) As presented in the survey results made by Laurie Henry presents that as a business earns more revenue , it is more likely to have a highly computerized accounting system (85 .5 percent (1997 ,

br 3 ) It was also noted in the research that companies reported suffering losses...