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Internal Control Weaknesses and Recommendations for AAA Inc., Fraud Prevention Measures and Accounting System Recommendations, and Internal Control Recommendations for HHSA

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Added on  2019-09-30

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This article provides solutions for three different cases. The first case discusses internal control weaknesses and recommendations for AAA Inc. The second case talks about fraud prevention measures and accounting system recommendations. The third case provides internal control recommendations for HHSA regarding an online authorization system.

Internal Control Weaknesses and Recommendations for AAA Inc., Fraud Prevention Measures and Accounting System Recommendations, and Internal Control Recommendations for HHSA

   Added on 2019-09-30

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Case #1: SolutionThe computer system gets hot when sun shines through the window, therefore doors are kept open. The tropical depression of 48 inches of rain impacted the whole computer hardware and the data files stored in it. Air conditioning failed to work properly and even the back files were destroyed. The reason behind such issue is with the internal control weaknesses related to the computer security that existed at AAA Inc. prior to the flood occurrence. Mentioned below are the three weaknesses:-The system was placed on the ground floor which was not checked against all weather conditions. -The management of the files was not proper as there should have been a robust backup mechanism. The backup mechanism was not in place and was near to the current computer system that led to the destruction of the both – the original and the backup – during the natural calamity (flood).-The backup processes should have been conducted on regular basis which were not done.No one is aware about what may happen and when, therefore a daily backup process should be in place.Mentioned below are the changes that could have been in place in AAA:-The computer system should have been checked with all weather conditions.-There should have been no glass ceilings which can protect the system against rain and people from outside peeping into the secure data base.-The backup must be on daily basis and the backup storage must be farther from the original. May be in another city or country. Cloud computing can be utilized.
Internal Control Weaknesses and Recommendations for AAA Inc., Fraud Prevention Measures and Accounting System Recommendations, and Internal Control Recommendations for HHSA_1

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