Evaluating The Level Of Responsibility Of The Company Essay

2040 Words Jul 27th, 2015 9 Pages
Based on the information you researched, evaluate the level of responsibility of the company in terms of the effectiveness of the response to the security breach. Provide support for your rationale.
The accounting field has over past few decades witnessed a number of changes mostly due to increased advancement in technology level. There has been an improvement from paper-based journal and ledgers to a new level of accounting system that is completely automated (The WritePass Journal, 2012). The Accounting Information System commonly referred to as AIS is an automated system that is computer based is mostly used for tracking most of the accounting activities in relation to information technology resources. Most of these activities revolve around the collection, processing, and storage of accounting and financial information that is used to make practical decisions. The automated system of accounting is more fast and accurate compared to the manual system. An AIS generally combines some of the pre-existing accounting practices such as Generally Accepted Accounting Principles (GAAP) with modern technology. A typical accounting information system basically combines 6 major elements to make up a one full system, this features include; people, data, software, information technology hardware, procedures and commands and internal controls (Investor, 2010). The AIS has the ability to automate and make financial reporting easier and efficient. It has now become a primary tool for…

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