The Impact of Cyber Governance in Reducing the Risk of Cloud Accounting in Jordanian Commercial Banks - from the Perspective of Jordanian Auditing Firms

Abstract

The objective of this study is identifying the impact of cyber governance on reducing the risk of cloud accounting in the Jordanian commercial banks. To achieve the objectives of this study, the descriptive and analytical approach was used; the study community is composed of external legal accountants who practices auditing in Jordan, (477) of them are practicing external auditing at the end of (2018) according to the statistics of the Jordanian association of certified public accountants (JACPA). Due to the difficulty and cost of the comprehensive survey, a simple random sample was taken. The sample included (213) auditors. The questionnaire was distributed to the sample of the study by the researchers personally and through e-mails, (182) questionnaires were recovered, after excluding (7) for the incompetence, of which (175) were valid for the statistical analysis. Thus, the percentage of retrieved and analyzed questionnaires was (82.2%), which is statistically acceptable. and In order to analyze the study data and test hypotheses, the statistical package for social sciences (SPSS) was used in the various statistical analyses, which are the descriptive statistics and coefficient of internal consistency (Cronbach's alpha). also, The multiple correlation test was used, using the Pearson correlation coefficient, Multiple linear regression and stepwise regression analysis. The study came to find several results , the most important was The presence of a statistically significant impact of cyber security governance (cybersecurity security governance requirements, cybersecurity program, cyber security policy, cyber information management, evaluating and managing cyber risks) in reducing cloud accounting risks in Jordanian commercial banks, The most important recommendations are the need for Jordanian commercial banks to adopt the cyber governance as a basic reference to their banking policy to address the risks associated with the use of cloud accounting, As well as the need to establish a special department for human resources management within the bank which would have a pioneering intellectual orientation to cope with modern trends in cyber governance.

Cyber governance studies in ensuring cybersecurity: an overview of cybersecurity governance

“…In addition to the need to adopt cyber governance as a fundamental reference to banking policies, the requirements of special departments for human resource management within the bank that will have a leading intellectual orientation to deal with modern trends in cyber governance are also described (Ali et al. 2020 ).…”

The Impact of Information Technology Governance in Reducing Cloud Accounting Information Systems Risks in Telecommunications Companies in the State of Kuwait

“…CA also has the characteristics of depends on the request services, service flexibility, network access, resource sharing, flexible service, and measured service (Moudud-Ul-Huq et al, 2020). In the traditional AIS, all devices and applications are located within the company (Ali et al, 2020). However, when companies use CA services, the cloud service providers own, manage and control the CA infrastructure (Khanom, 2017).…”

“…Shkurti and Muça (2014) found that data security and compatibility with current systems as well as information accuracy are among the most prominent risks of using CA. Ali et al (2020) believes that security and privacy risks are among the most prominent risks of using CA. Corkern et al (2015) suggest that companies may use CA when addressing reliability and security issues.…”

“…To overcome the risks of moving AIS to the cloud environment, the need for ITG arises (Ali et al, 2020). ITG is seen as a crucial part of corporate governance, as it is considered part of the leadership and organizational structures that guarantee the companies' IT support processes, strategies and objectives (Henriques et al, 2020).…”

“…As many studies have indicated that the application of CC contributes to increasing work efficiency and reducing operating expenses for companies, and it does not need much support for information technology (IT) (Prichici & Ionescu, 2015;Weng & Hung, 2014;Adiyasa et al, 2018). With the multiplicity of CC applications, the need arose to develop AIS (Dimitriu & Matei, 2014;Ali et al, 2020). Cloud accounting (CA) has emerged as the CC application that transfers AIS within companies to the servers of cloud service providers.…”