A proposed framework for studying the impact of cyber security on accounting information to increase trust in the financial reports in the context of industry 4.0: an event, impact and response approach

Joint Authors

Siraj, Asma Abd al-Munim
Dawud, Muna Muhammad Ali

Source

المجلة العلمية التجارة و التمويل

Publisher

Tanta University Faculty of Commerce

Publication Date

2022-05-31

Country of Publication

Egypt

No. of Pages

42

Main Subjects

Accounting

Topics

• Researchers
• Threats
• National security
• Accounting
• Financial statements
• Risk management
• Business enterprises
• Managerial accounting
• Operational risk
• Virtual reality
• Internet of things
• Cloud computing
• Big data

English Abstract

Industry technologies include big data, internet of things, system integration, cloud computing, Rebotics, automation augment and virtual reality.

cyber security help guarantee that these technologies and essential information they contain remain sale and protected.

as interconnection and the usage of electronic data gathering, storage, and transfer become more prevalent, with significant industry adoption, and that increasing the number of business being targeted for cyber theft, damage or disruption.

cyber security means all steps to safeguard business against illegal electronic data usage.

manufacturers can remain secure and prosperous by protecting all hardware, software, and information from internal and external threats.

these breaches have implications for business enterprises as they may result in lower performance and market value, increased operational risks, lost information and significant employee time spent ensuring compliance with appropriate privacy and confidentially regulations.

the proposed framework depends on an event, impact and response approach to identify directions for accounting and auditing.

this framework aims to examine how cyber security impacts cyber security events or threats, and how these events impact organisations and responses by various parties to different events.

based on COSO enterprise risk management framework, organisations need to identify the impact of cyber security threats, then follow up by developing responses to the related risks by using cause and effect relationship between risks and responses.

thus, this research aims to develop a framework for linking existing cyber security research to accounting.

this framework gives look forward information and insights to researchers and practionners.

accountants should involved in identifying and measuring the costs of cyber security events; tracking the impact of these events on the organcisations; ensuring the organisations to disclose cyber security threats appropriately to investors and finally auditors should often adjust their risk assessment and audit procedures due to the presence of cyber security events.

the proposed framework highlights how practitioners can better assess cyber security threats, understand their impact, and develop responses strategies.

furthermore, the researches about cyber security need to extended beyond AIS to other areas.

such as financial accounting, managerial accounting and auditing.

Data Type

Conference Papers

Record ID

BIM-1399303

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