...AIS Attacks and Failures: Who to Blame ACC564 February 17, 2013 AIS Attacks and Failures: Who to Blame Accounting information system (AIS) is defined as a system that collects, records, stores, and processes data to produce information for decision makers (Romney and Steinbart, 2012). AIS adds value to an organization by improving the quality and reducing the costs of products or services, improving efficiency, knowledge, improving the efficiency and effectiveness of a company’s supply chain, improving the internal control structure, and improving a company’s decision making. The responsibility for establishing and maintaining a system of effective internal controls resides with management. Management’s responsibilities include the documentation, testing, and assessment of internal controls, including relevant general IT controls and appropriate application-level controls designed to ensure that financial information generated from an organization’s information system can be reasonably relied upon according to www.sec.gov. therefore management should be held liable for losses sustained in a successful attack made on their AIS by outside sources. Security is a management issue and not a technology issue. The Foreign Corrupt Practices Act of 1977 and the Sarbanes-Oxley Act of 2002 (SOX) assign important legal responsibilities to management. Section 404 of SOX mandates a statement of management’s responsibility for establishing and maintaining adequate...
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...ACC564; Excel Problem 8.3 NAME 22-Feb-11 Member # "Flight Date DDMMYY" Plane Used Takeoff Time Landing Time 1234 311109 G 0625 0846 4111 011109 C 0849 1023 1210 011109 P 0342 0542 0023 011109 X 0159 1243 012A 011109 P 1229 1532 0999 011109 L 1551 1387 *G = Glider; C = Cessna; P = Piper Cub; L = Lear Jet a. The following describes one or more input edit controls that could be included in the program for detecting possible errors for each of the five data fields: 1) Member #: The facts state that the Member numbers are numbered sequentially and that there are less than 2000 members total. a) Field check - to determine that the proper type of character is entered in the field. In this case, only numeric characters allowed. b) Limit check - to determine that the numeric amount entered does not exceed a predetermined numeric value, e.g. 2000 in this case. c) Range check - to determine that upper and lower limits are valid, otherwise similar to the limit check, e.g. 0001 - 2399 in this case. d) Size check - to ensure that input data will fit into the assigned field, e.g. no more than 4 characters in this case. 2) Flight date: The facts state that the format is DDMMYY ...
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...Fraud in the AIS Chad Burrell Professor Daniel Acheampong Accounting Information Systems ACC564 August 14, 2013 Abstract Firm Embezzled There were many failures in the firms accounting system that assisted this embezzlement to last for a decade. Sue Sachdeva was the main accountant at Koss Corporation and it is estimated that she embezzled over 34 million dollars during that time. Sachdeva was able to embezzle this amount through wire transfers, checks, and credit cards (Whitehouse, 2011). The first failure was the age of the AIS. It is estimated that the system was almost 30 years old. There were two offers to purchase a new system and each time Michael Koss, the CEO, denied the request (Whitehouse, 2011). Koss was operating on an outdated accounting system and probably thought that it was okay because he had auditors come in and authenticate the work it did. It is important to have a current system in order to keep accurate reports in keeping the company operating efficiently. Another failure was the reports that were produced by the AIS. Michael Koss never took the time to look at the financial records of the company. Even though he was the CEO of the company, he never took adequate time to read and compare the financial statements on a monthly or yearly basis. SOX The article recounts some specific problems within Koss: * Koss Corporation prepared materially inaccurate financial statements, book and records, and lacked adequate internal...
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...Business Fraud Strayer University ACC564 James Ridilla Jr. January 25, 2012 Business Fraud Stanford Financial Group was a privately held international group of financial services controlled by Allen Stanford. Stanford financial Group was comprised of several affiliated companies: Stanford Capital Management, Stanford Group Company, Stanford International Bank, Stanford Trust Company, Bank of Antigua and the Stanford Coins and Bullions. Stanford Group Company was a diversified financial services company. The organization offered brokerage and investment advisory, private and commercial banking, investment advisory, trusts, real estate investment services, and investment banking services. It also had private equity investments through the Stanford Venture Capital Holding, Inc. The company’s headquarters was in Houston, Texas with additional offices in Baton Rouge, Louisiana; Irving, Texas; Memphis, Tennessee; Miami, Florida; and Denver, Colorado. This large international financial group controlled by Allen Stanford came crashing down in 2009 when it was discovered that these companies had claimed higher rates of returns on their CDS than those offered by commercial banks in the U.S. and consistent double-digit returns on his bank investment portfolios were nothing more than a Ponzi scheme. In this Ponzi scheme Stanford perpetrated a scheme to defraud investors who purchased his Stanford International Bank (certificates of deposit) of billions of dollars by soliciting...
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...Assignment 4: Changing the AIS Student: Peter M. Burke ACC564: Accounting Information Systems June 13, 2013 Factors contributing to the failure Whaley Foodservice Repairs hired Epicor to implement an Enterprise Resource Planning (ERP) system. The deal was signed in 2006, but after two years the project never materialized. Whaley finally sued Epicor for compensation of the cost they had incurred in trying to implement the software (Kanaracus, 2011). The main factors that led to the failure of this project were underestimation of the implementation timelines, underestimation of costs, business processes were not clearly defined, lack of organizational change management, and high turnover of employees assigned to the project. Underestimation of implementation timeline made the company believe that they would have a full working system within the specified timeline (Chen, Law, & Yang, 2009). This was never the case as Epicor had estimated the project would have been completed by March 2007, but the project was delayed multiple times. Having provided a scripted demo on the requirements of the system and how the new software should be mapped to the company's business processes, Whaley believed that Epicor understood and had the capability to deliver. The failure to have the software implemented within the specified timeframe caused delays in the business processes as some documents could not be accessed on time, which resulted in lost business for Whaley...
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...Apollon Smyrnis (A Football Company) & Changing the AIS Karen Bailey Strayer University ACC564 – Accounting Information Systems Professor: Dr. Monica Hubler September 8, 2014 Abstract Migrating to a new accounting information system is not an easy task. Many firms have struggled with this process, even though our textbook makes the process seem quite straightforward. Recently, IBM recapped some of the lessons learned in migrating to a new accounting information system within the federal government. These lessons can be applied to any accounting information system project. Others have developed their own recommendations for best practices and lessons learned involving implementing accounting information systems. However, in order to appreciate what IBM and others are proposing, we need to apply lessons learned to a real-life situation involving the failure to implement an accounting system properly. In Apollon Smyrnis (A Football Company) & Changing the AIS, I will research information related to a real-life accounting information system failure and best practices, as well as lessons learned from implementing the accounting system. In addition to information that I may find during my research, I will also use the following IBM article to complete the assignment: (http://www.businessofgovernment.org/article/what-we-know-now-lessons-learned-implementing-federal-financial-systems-projects). Moreover, in Apollon Smyrnis (A Football Company) & Changing...
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...Free eChapters (FALL 2012) eChapters offer students immediate access to the first few chapters of their textbooks while they are waiting for the print book to arrive. eChapters help students to keep up with required reading and assignments until they receive their course material, without having to pay expedited shipping costs. eChapters that are available from the publisher are attainable free of charge. How do students gain access to free eChapters? Not all courses or textbooks have eChapters available. For all courses where eChapters are available, the files are located in the student’s Blackboard course shell under the Student Center. Below is a list of courses with eChapters loaded into the course shells, giving students free access as of the first day of classes. * = eChapters are forthcoming Course ID ACC100 ACC206 ACC303 ACC304 ACC305 ACC306 Text Title Accounting Principles – 9th edition Accounting Principles – 9th edition Intermediate Accounting 14e Intermediate Accounting 14e Intermediate Accounting 14e Microcomputer Applications for Accounting Excel 2010 Microsoft® Excel 2010: A Case Approach, Complete, 1st Edition, copyright 2011 SOUTH WESTERN FEDERAL TAXATION 2012: COMPREHENSIVE, 36th ed. South-Western Federal Taxation 2013: Corporations, Partnerships, Estates and Trusts, 36th Edition Cost Accounting 13th 09 ed. Advanced Accounting 4th 10th ed. Auditing & Assurance Services 13th 10 ed. Core Concepts of Government and Not for Profit Accounting 2nd ed., 2011 ed ACC...
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