week 2 Acc556

“Accounting Systems and Accruals”  Please respond to the following:

For this week’s eActivity, 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.
  • Pretend that you are a criminal and want to commit fraud by altering your company’s accruals. Create a brief plan (approximately one [1] paragraph in length) of how you would commit the fraud. Predict the major potential resulting damage(s) to the company’s financial statements from the fraud.