Exploring the Risks of Electronic Accounting Information Systems in Libyan Commercial Banks An Applied Study on Commercial Banks Operating in Libya

Abstract:
This study aimed to identify the types of risks associated with electronic accounting information systems (AIS) in Libyan commercial banks, as well as to examine the procedures implemented by these banks to protect against threats to the security of their AIS. The study was conducted on a sample of commercial banks operating in Libya. A questionnaire was designed to collect primary data, and 100 forms were distributed to bank managers, branch managers, accountants, auditors, and employees in the participating banks.

The Statistical Package for the Social Sciences (SPSS) was used to analyze the data and test the hypotheses. Although most of the respondents indicated that many risks to AIS security occur infrequently, some responses did reveal the occurrence of specific risks related to data entry and environmental factors.

Moreover, while some participants acknowledged the existence of protective procedures, they also indicated that these measures are insufficient to adequately address the risks threatening AIS security in Libyan commercial banks.

The study recommends placing greater emphasis on the accurate and secure entry of accounting data into AIS, the establishment of dedicated IT departments in all banks to safeguard information security, and the implementation of procedures that ensure the continuity of AIS operations during both natural and man-made crises.