Poor EDGAR!

Posted by & filed under Accounting Information Systems, Accounting Principles, Advanced Accounting, Auditing, Financial Accounting, Financial Reporting and Analysis, Intermediate Accounting, Managerial Accounting, Uncategorized.

According to Reuters, the U.S. Securities and Exchange Commission (SEC), Wall Street’s top regulator, has discovered a vulnerability in its corporate filing database that could cause the system to collapse. Questions: 1. What type of risks did the internal memo detail? 2. When was the discovery made? 3. What types of entries could bring the… Read more »

Moving on up from Counterfeiting

Posted by & filed under Accounting Information Systems, Accounting Principles, Auditing, Cost Accounting, Fraud Accounting, IFRS, Intermediate Accounting, International Accounting, Managerial Accounting, Uncategorized.

This article explains the latest spate of attacks on banks in Bangladesh and Southeast Asia, which security researchers say is the first time that a nation has used malicious code to steal purely for financial profit. The country is North Korea. Questions: 1. Security researchers and American government officials have tied thousands of attacks to… Read more »

Starbuck’s App: Are You At Risk?

Posted by & filed under Accounting Principles, Advanced Accounting, All Articles, Auditing, Cost Accounting, Financial Accounting, Financial Reporting and Analysis, Financial Statement Analysis, Fraud Accounting, IFRS, Intermediate Accounting, International Accounting, Managerial Accounting.

The Starbuck’s app, used by more than 10 million customers that purchase drinks and food directly from their smartphones, was exposed as risky by security researcher, Daniel Wood. According to Wood on January 13, “There are multiple instances of the storage of clear-text credentials that can be recovered and leveraged for unauthorized usage of a… Read more »