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Identify at least 3 ethical issues present in business, specifically accounting, when dealing with computerized information systems.

· Discuss and analyze the legal problems that could arise as a result of the ethical issues mentioned previously

· Explain how you would, as an administrator of the computerized information systems, prevent these issues.

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Lelia Lubowitz
Lelia LubowitzLv2
6 May 2019

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please can you give me more details of each question and each answer , please. for the previous questions: Below are 5 scenarios, these are the questions that you should be thinking and writing about ( and graded on ) for each scenario: What is the challenge facing the supervisor? 2. As an HR professional what advice would you give the supervisor? 3. What HR issues are there in the scenario? 4. Are there any legal implications in terms of laws or regulations? Q1- You are a supervisor in a warehousing operation. You recently instituted a “No Smoking” policy in the facility. All employees were notified of the policy change. It was not well-received. As you walk down aisle B in the warehouse, you see a cloud of smoke and then see Chris running to aisle A. You need to talk to Chris. Q2- You are an office manager overseeing a department of 25 people. One of your employees comes to you and complains about Pat’s unpleasant body odor and how difficult it is to work in the same area. You agree to talk to Pat. Q3- You are the sales department manager at an upscale store. Your boss has talked to you about the appearance of some of your sales clerks— particularly Alex. Alex is sporting on his forearm a new, large tattoo of a devil eating a rat. You agree with your boss that some customers might find it offensive and that it should somehow be covered up. You need to talk to Alex. Q4 You are the director of human resources. You asked your benefits administrator, Morgan, to immediately send new benefit information to your boss for her review. The next day, you are chewed out by your boss for not sending her the information. You look bad. You decide to talk to Morgan. Q5- You are the vice president of finance. Your administrative assistant, Ryan, is often late getting to work. You have tolerated it for the past year, but your workload has increased and you need all the help you can get, especially at the start of the day. With Ryan coming in late, it is starting to affect your ability to get your job done. You need to talk to Ryan. Please do not make a copy from web. Thanks very much Comment Answer to question No 1: Challenges are: Maintain the Quality of the stock, Proper storage condition of stock and healthy environment of the warehouse. Advise: It should be quality and availability of the stock for smooth running of the business. HR Issue : “No Smoking” policy in the facility, All employees were notified of the policy change and It was not well-received. Legal implications in terms of laws or regulations: compliance of Pollution control act & compliance corporate social responsibility, Answer to question No 2: Challenges are: Healthy work environment, Good team and Teamwork Advise : Healthy work environment by ensuring proper working conditions. HR Issues: Unpleasant body odor and difficult work environment. Legal implications : Sexual harassment policy compliance. Answer to question No 3: Challenges are: Quality Products and customer stratification Advise : Staff should be maintain products at customer requirement and cleanness of the department. HR Issues: Alex is sporting on his forearm a new, large tattoo of a devil eating a rat.. Legal implications : compliance of Trade policy. Answer to question No 4: Challenges are: Timely information / MIS and Maintain work hierarchy. Advise : You should have to send the information to your boss instead of asking your administrator. HR Issues: Benefits administrator, Morgan, to immediately send new benefit information to your boss for her review. Legal implications : Non compliance or work hierarchy. Answer to question No 5: Challenges are: Timely & accurately completion of the huge work. Advise : Guide the team for work schedule and time importance. HR Issues: Late getting to work Legal implications : Compliance of work schedule and office timings. Comment

Solutions for E-Banking Security Holes:

Digital Security of software systems in Banks is very important to protect sensitive bank information, employee’s identity and customer’s privacy, also to avoid many legal problems. Strong security solutions are very important especially with the presence of online banking, banking software and workflow systems. The extensive usage of software systems in banks without strong security could lead to many legal problems. Normal security systems and policies do not stop internal or external hacking, and do not provide a legal way to proof any made transaction.

Online banking accounts are frequently targeted by cybercriminals. Security issues remain a major concern for customers and corporations alike. As a result, banks need to implement adequate security measures to protect themselves and their customer base.

Saudi Arabian Monetary Agency (SAMA) suggested the following solutions that aim to increase the level of security for online banking:

1- Identity Authentication

Banks should use appropriate measures in order to authenticate the identity of customers. It is important for any bank to check that each online transaction or access request is legitimate to ensure the safety of online banking. Banks therefore have to use reliable methods for verifying the identity and authorisation of new and existing customers. Showing the customers what has been done to secure them, makes them feel the system is secure and that there money are protected.

2- Segregation of Duties

Banks should promote adequate segregation of duties within e-banking systems, databases and application, which is critical for their security and soundness. Therefore, Banks are required to set up sophisticated internal control designed specially to reduce fraud risk in operational processes and systems and to ensure that transactions and equipment are properly authorised, recorded and safeguarded.

The classification of duties should cover authorization, custody, record keeping and reconciliation.

3- Protect Data Integrity

Data integrity of transactions, records and information are essential for any bank to be protected. If the bank did not give special attention to that, it may face financial losses as well as legal and reputational risk. In addition, banks should arrange and represent proper organisational, procedural and technical methods, which ensure that the integrity of financial and transactional data is maintained. Financial data recording should be stored securely, retrievable for inquiry or reporting, safeguarded against improper alteration, and mostly reflect the actual values involved.

4- Regular Update and Audit

Feasible updates of the online banking system would reassurance that the authentication platform is stay one step ahead of hackers and decrease there chances to stole the data and also minimize the security holes. Banks should ensure that the internal control system is adapted to e-banking services and that clear audit trails are maintained. Added to that, internal controls should be independently auditable by external agencies. Audit trail should:

Give adequate proof to show the transaction stream, from start to finish, and any accompanying control/procedural execution.

Be sufficient to fulfill the rules of the courts under which they could be used.

5- Preserve the Confidentiality

The advent of online banking introduces extra security challenges for banks since it increases the exposure that information transmitted over the public network or stored in databases may be accessible by unauthorised or inappropriate parties. Also, expand the use of service providers may uncover essential data of banks to other parties. So, the key data of the banks must remain private. Any abuse could result in exposing the bank to high impact reputation and legal risk. The protection of confidentiality should be commensurate with the impact of the risk of unauthorised exposure:

Confidentiality should be maintained by use of access controls and encryption.

Cryptographic techniques should be based on recognized algorithms that have not been disputed in their strength or use.

Access should only be permitted based on the “need to know” principle.

_______________________________________________________________

I think the best solution is number 5 but i need more information about :

Given what you learned about E-Banking Security Holes ?

what do you think would be the best solution to the problem?

Why you selecation this ?

What are the possible impacts?

Suppose you decide (as decide (as did Steve jobs and Mark Zuckerberg) to start a company. Your product is a software platform that integrates a wide range of media devices, including laptop computers, desktop computers, digital video records, and cell phones. Your initial market is the student body at your university. Once you have established your company and setup procedures for operating it, you plan to expand to other colleges in the area, and eventually to go nationwide. At some point hopefully sooner rather than later, you plan to go public with an IPO, and then to buy a yacht and take off for the South Pacific to indulge in your passion for underwater photography. With these issues in mind, you need to answer for yourself, and potential investors, the following questions.

1. What is an agency relationship? When you first begin operations, assuming you are the only employee and only your money is invested in the business, would any agency conflicts exist? Explain your Answer?

2. If you expanded and hired additional people to help you, might that give rise to agency problems?

3. Suppose you need additional capital to expand and you sell some stock to outside investors. If you maintain enough stock to control the company, what type of agency conflict might occur?

4. List three provisions in the corporate charter that affect takeovers.

5. Briefly describe the use of stock options in a compensation plan. What are some potential problems with stock options as a form of compensation?

6. What is block ownership? How does it affect corporate governance?

7. Briefly explain how regulatory agencies and legal systems affect corporate governance.

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