Question

• Identify two specific IT-related risks in computerized accounting information systems.
• Propose a strategy that might be implemented to mitigate or eliminate each selected risk. Be sure to effectively support your rationale.

Answer 1

IT RELATED RISK IN COMPUTERISED ACCOUNTING:-

1.The IT face risks of threaten their safety and security regarding the employees as : the employees’ entry of bad data unintentionally, damaging the files of the bank’s system by the employees of the bank unintentionally, the existence of a
unified and shared password for more than one employee, and the access of the unauthorized employees to the system’s data. The researcher considers the identification of these risks in important to the banks’ administrations to help them to take necessary procedures so as to reduce its occurrence and impact on works.

2. The IT face risks that threaten of safety and security regarding the internal control represented by the unauthorized access into the outputs by printing them on paper or display them on the screens, the unauthorized damage or deletion or amendment to specific items of the system’s outputs and handling important documents to unqualified people to damage them. And this result agrees with the study in guiding the outputs wrongly to unauthorized people to receive them and with the study in terms of the unintended damage of the
bank’s data.

STRATERGY OF ELIMINATE THESE RISKS:-

1- The necessity to increase the interest in developing effective internal control systems of the computerized accounting systems which are characterized of providing appropriate safety to the systems so as the systems can provide information characterized by reliability for the sake of taking decisions and these systems should integrated with other administrative and organizational systems &  The necessity of the keeping up with the continuous technological development and getting benefit of all the areas of development regarding the maintenance of the security and safety of the information as possible.