Paul Foote, Ph.D., is a Professor of Accounting at California State University, Fullerton. His courses and publications cover accounting information systems, auditing, forecasting, accounting standards, and the use of SAP R/3 and of bioLock. Paul can be reached at pfoote@exchange.fullerton.edu.***********************************************************Reena Hora is a graduate of California State University, Fullerton's Master of Science in Information Technology (MSIT) program, and works as an IT professional for a software company. Reena can be reached at reenahora@csu.fullerton.edu.
Daily, trillions of dollars are transferred worldwide in funds and securities through financial systems. The magnitude of this exposes the financial institutions and their customers to a very high risk of deliberate and accidental fraud. Many government and industry regulations and standards such as the IFRS (International Financial Reporting Standards), Basel II, Basel III, PCI […]