Accounting Systems

Use the Internet databases to research the most common threats to a computerized accounting system. Be prepared to discuss.

• Examine the greatest threats to a computerized accounting system. Suggest two (2) preventive measures or remedies to protect the system and / or mitigate negative impact to the system. Provide a rationale for your response.
• Pretend that you are a criminal and want to commit fraud by altering your company’s accruals. Create a brief (one [1] paragraph) plan for committing the fraud. Predict the major potential resulting damage to the company’s financial statements from the fraud.