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AIS Attacks and Failures: Who to Blame - Research Paper Example
Finance & Accounting
Pages 5 (1255 words)
AIS Attacks and Failures Name Institution Question One The process of accounting has been a controversial issue to scholars, researchers, and accountants. As depicted by Hall (2011), accounting marks the center of interest in every organization, and arguably the backbone…
It provides various benefits for the managers and owners requiring financial transactions, including improving the workflow, improving the processes, increasing flexibility, and providing assistance in decision-making (Romney and Steinbart, 2011). However, AIS has disadvantages, including difficulties in learning the system, re-evaluation, and loss of information. Loss of information either through failure of intentional attacks posses the greatest threat for AIS and the organizations that adopt them. AIS threats emanate from different sources. If ignored, they may affect reliability and relevance of financial information, resulting to poor decision making by the stakeholders. All firms are responsible for any losses resulting from attacks on their AIS, thus they should and must be held liable. The AIS is a firm’s initiative, and thus its responsibility. Any failures, attacks, or problems that may result from the system are fully liable to the firm. The most common sources of AIS are can be prevented to a certain degree. Consider the attacks made to AIS during data collection. The firm is liable in ensuring that security measures are in control for secure transactions that are complete, valid, and free from any form of error (Lin and Huang, 2011). ...