Question

Explain ‘Password Security’ and ‘Data Audit’ as security features of Computerised Accounting System.

Hint:

Password security helps ensure that only authorized personnel can access sensitive financial information, while data audit enables transparency and accountability by tracking changes in the system.

Answer 1

- Password Security: Essential for computerized accounting systems, password security limits system access by necessitating a valid password for authorized users. This safeguards sensitive financial data from unauthorized access. For optimal system security, passwords should be complex and frequently updated. - Data Audit: This feature enables the tracking and monitoring of modifications to financial data within the system. Each transaction or alteration is logged, detailing the user, timestamp, and nature of the change. This process enhances transparency and accountability, thereby preserving data integrity.