Ais Attacks and Failures Essay - 1774 Words

Replacing a Legacy AIS Application Jamaine Williams Professor Elias Konwufine Assignment 4: ACCT 564 Abstract As long as this world have businesses and buying and selling within company to company accounting and Accounting Information Systems (AIS) will play a big role in financial management and decision making. The degree of value and how usable an AIS is depending on if the system is custom, outsourced or boxed. In this paper I will talk about just that. You will find out if the company should keep, change, modify or outsource and what will be the advantages and disadvantages of doing so. Analyze the need for changing to a new system and the potential benefits and risks associated with this. Identify three (3) advantages†¦show more content†¦Anything not covered in the contract will be the basis for you to pay additional charges. Additionally, you will experience legal fees to retain a lawyer to review the contacts you will sign. Remember, this is the outsourcing companys business. They have done this before and they are the ones that write the contract. Therefore, you will be at a disadvantage when negotiations start (Bucki, 2012). Threat to Security and Confidentiality The life-blood of any business is the information that keeps it running. If you have payroll, medical records or any other confidential information that will be transmitted to the outsourcing company, there is a risk that the confidentiality may be compromised. If the outsourced function involves sharing proprietary company data or knowledge (e.g. product drawings, formulas, etc.), this must be taken into account. Evaluate the outsourcing company carefully to make sure your data is protected and the contract has a penalty clause if an incident occurs (Bucki, 2012). Quality Problems The outsourcing company will be motivated by profit. Since the contract will fix the price, the only way for them to increase profit will be to decrease expenses. As long as they meet the conditions of the contract, you will pay. In addition, you will lose the ability to rapidly respond to changes in the business environment. The contract will beShow MoreRelatedHacking: Identity Theft and Information Essay1538 Words   |  7 PagesHacking the AIS By Helen Tewolde ACC 564 Thomas Wood Introduction This paper will discuss accounting information system attacks and failures: who to blame. I am also going to discuss the following related topics in the following order: Firstly, I will take a position on whether a company and its management team should or should not be held liable for losses sustained in a successful attack made on their AIS by outside source. 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