BMM Lab Training Material - June 19

Types of Risks with Accounting Systems

There are four general types of risks associated with information technology systems, regardless if they are in development or in use.

• Strategic Risk – Risk of choosing inappropriate technology.

• Operating Risk – the risk of doing the right things in the wrong way.

• Financial Risk – the risk of having financial resources lost or stolen.

• Information Risk – risk of loss of data integrity, incomplete transactions or hackers.

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