Accounting Information Systems
Decisions of managers heavily rely upon the effective information systems (Srinivas and Gopisetti, 2012). Accounting Information Systems contain confidential data of the company; this information can be accessed by the outside sources through a successful Accounting Information System attack. Management is the top on the priority list, being held responsible for security of the Accounting Information systems, because the establishment and maintaining of these Accounting Information Systems resides under them. No doubt, that information security is the technical subject but the responsibility of the security is the top management's issue.
It is the responsibility of the senior management and accountants of the firm to work in cooperation with IT department and enforce adequate security measures to prevent the accounting systems. A considerable amount of budget and time should be allocated for securing and controlling these systems so that there are fewer chances of attacks from outsiders.
The problem is that the management considers Accounting Information Systems as a onetime expense, which is a wrong approach. These systems need regular updating and maintenance by IT managers in coordination with the firms' senior management. Managements that do not consider this issue seriously and try to reduce expenses by not updating the systems, suffer from AIS attacks.
The liability is usually on the party who acted in negligence that can be either the IT department...
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