alexa Practical and ethical considerations on the use of cloud computing in accounting
Business & Management

Business & Management

Journal of Accounting & Marketing

Author(s): Katherine Kinkela

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Cloud Computing promises cost cutting efficiencies to businesses and specifically their accounting departments through the use of third party vendors to store and process information. However this cloud computing innovation of storing and managing data of f site also adds risk to the data security of a company. The Committee of Sponsoring Organizations (COSO), the Big Four accounting firms and other industry analysts have identified the benefits and concerns surrounding use of cloud technology and have pre pared recommendations for companies who wish to utilize cloud computing on a formal or informal basis in their business operations. This paper will analyze the current advise on the risks of cloud computing in an effort to determine Best Practices for imp lementing use of and regulation of use of Cloud C omputing within an organization.

This article was published in Journal of Finance and Accountancy and referenced in Journal of Accounting & Marketing

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