Information Systems in Accounting and Finance Essay

Information Systems in Accounting and Finance - Essay Example Security controls help in controlling attacks, these attacks maybe passive or active in nature. In passive attack, the information is not interfered with, however, for the active attack it involves interfering with the traffic, flow of messages. These may include the destruction and the deletion of important information by attackers masquerading as employees or impersonating other employees. The system accountant must apply some controls to ensure these risks are controlled. The ever-growing need to improve service delivery and storage of information has an equal measure of challenges. For instance, most retail organizations must ensure their pricing, product codes, and another confidential information is safe from malicious personnel (Hall, 2013). The retail organization will build a system that captures the price list of all the household appliances in their stores. The system will also have unique codes for each item on sale. This makes the organization have the potential to empower their customers to make online purchase. Customers can log into their website and make involve, and payment for their household items. The company must have measures to deliver the item either through courier delivery or alternative shipment strategy. The main challenge is lost or theft of such information thereby denting the credibility of the organization (Boczko, 2012). A retail organization involved in selling of home appliance must have proper working accounting syst ems that safeguard the customer information from individuals who may attempt to misuse the information. Therefore, such organizations must have strategies that identify possible risks and security threats to enable institution of audit procedures aiming at mitigation of the type of risks (Grande et al., 2011; Colbert, 2002). The essay looks at the types of risks and security threats a retail organization may face and the possible control