GASPRO International Journal of Eminent Scholars

ABSTRACT
Today’s business environment is very dynamic and undergoes rapid changes as a result of
technological innovation, increased awareness and demands from customers. Business
organizations, especially the banking industry of the 21st century operate in a complex and
competitive environment characterized by these changing conditions and highly
unpredictable economic climate. Information and Communication Technology (ICT) is at the
centre of this global change curve. Organizations and managers cannot ignore Information
Systems because they play a critical role in contemporary organizations. However, in spite of
the benefits of the computer to the banking industry and businesses in general, some
problems are still left unsolved and risks have been credited to the use of computerized
accounting information system. Hence, this study seeks to investigate the critical risks of
computerized accounting information system with a focus on the Indian banking system.
KEYWORDS: Computerized accounting information system, critical risks, banks,
Indiaal