"Accounting Systems and Accruals"

For this week's discussion, 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.
• Your employer is concerned that the company's computerized accounting system is vulnerable to attack. After reviewing the system, you're in agreement. Write a brief report (approximately one [1] paragraph in length) of how someone might hack into your systems and commit fraud with the accruals. What major damages to the company's financial statements could result from such a fraud?