The business environment of the early 21st century continues to change with increasing vigour. The growth of e commerce and e retailing and the use of the internet for the movement of goods, services and information has clearly promoted a greater interconnectivity. An interconnectivity that has not only opened up and created enormous business opportunities, but has also increased the exposure of UK businesses, in particular UK companies, to previously unknown levels of risks and security threats, the costs and consequences of which have been and indeed continue to be significant (see DTI (2004)).
Required
For a UK based retail company, critically evaluate (with specific reference to the company’s accounting information system (and related systems), the type and nature of risk and security threats such a company faces and the control procedures and security strategy/measures that such a company might employ to protect itself against such risks and threats.