Risks in the Design and Analysis of Accounting Systems

DOI

10.2991/aebmr.k.220405.104How to use a DOI?

Keywords

Accounting Systems; Financial institutions; Risk Management; Organizational performance

Abstract

This research covers risks associated with accounting system design and analysis. In addition, the paper will look at how the accounting system aids firms in keeping track of and managing their financial activities. The goal of this study is to better understand the risks associated with accounting system design and the internal control framework’s components, which include control activities, control environment, monitoring, communication, and information. An accounting system is a set of activities and records used by a company to execute transactions and maintain track of finances. Security breaches, fraud, outages, and changes in financial legislation are all threats to accounting systems. The impact of security breaches, outages, fraud, and financial restrictions is investigated in this research. Threats are the possibility for unanticipated occurrences or actions that do not jeopardize both the accounting and organizational information systems. The research was carried out by evaluating some articles linked to developers’ awareness of the hazard of accounting system security. This study also looks at the many sorts of internal controls, such as preventive, corrective, and detective controls.

Copyright

© 2022 The Authors. Published by Atlantis Press International B.V.

Open Access

This is an open access article distributed under the CC BY-NC 4.0 license.

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TY  - CONF
AU  - Ping Zhou
PY  - 2022
DA  - 2022/04/29
TI  - Risks in the Design and Analysis of Accounting Systems
BT  - Proceedings of the 2022 7th International Conference on Social Sciences and Economic Development (ICSSED 2022)
PB  - Atlantis Press
SP  - 630
EP  - 634
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.220405.104
DO  - 10.2991/aebmr.k.220405.104
ID  - Zhou2022
ER  -