Title: Mitigation Plans for Undermining
Threats
of Digital Accounting
Abstract: With today’s changing technology,
many
accountants Ware finding themselves faced with deciding whether or not
to
implement a new accounting system. Many will find a change necessary
due
to continuing problems, such as software and hardware failures. Others
will
become weary of slow systems or complicated processes due to
out-of-date
systems. No matter what the reason, this decision should not be made
without
a great deal of research and a commitment to finding a system that
truly
meets accountant specific needs. As technology moves forward, digital
accounting
or e-accounting, as a corresponding analog, refers to the
representation
of accounting information in the digital format, which can be then be
electronically
manipulated and transmitted. Digital accounting does not have a
standard
definition, but merely refers to the changes in accounting due to
computing
and networking technologies. All business areas, accounting and finance
included,
came under intense scrutiny as dot com businesses mushroomed. The rise
and
fall of the e-revolution had been spectacular and breathtaking. The
accounting
profession has been one of the last to adopt digital content management
systems,
and clients are starting to voice opinions about how firms can improve
their
service offerings and security. The purpose of this discussion paper is
to
explore the undermining threats of digital accounting and suggestion of
mitigation
plans. This study will identify these mitigation plans and how they may
affect
the future of the accounting
Authors: M.Senthil Velmurugan and Abdullah
Sallehhuddin
