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ACC539 - Accounting Information Systems (Doc)

   

Added on  2020-02-19

9 Pages1623 Words45 Views
RUNNING HEAD: RANSOMWARE ATTACK 2017INTERNAL COTROL SYSTEMOF THE COMPANY

1RANSOMWARE ATTACK 2017Executive SummaryMotherboards and More Pty Ltd., an Australian company is engaged in the business of manufacturing and supplying parts of computers to different manufacturers and repairers of computers in Australia. The increased volume of sales orders from the customers has caused mismanagement of company’s operations due to weaknesses in the system of company’s internal controls. Absence of strong controls in the areas such as inventory management, shipment and delivery processes could impact the overall profitability of the company as these are the areas which requires key focus of the management. If necessary concern is not given to strengthen the controls is given the company may also encounter issues like ransonware attack. Company must strive to protect its system from the external attacks which are affecting the entire country.

2RANSOMWARE ATTACK 2017Table of ContentsExecutive Summary.........................................................................................................................................................1Overview of Revenue Cycle.............................................................................................................................................3Internal Control Weaknesses of Company......................................................................................................................3Impact of Internal Control Weaknesses..........................................................................................................................3Specific Controls to Mitigate the Risk..............................................................................................................................4Ransomware Attack 2017................................................................................................................................................4Controls to protect the company from Ransomware Attack...........................................................................................5Conclusion.......................................................................................................................................................................5References......................................................................................................................................................................7

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