Scenario: IBM is a software development company and is currently working on an online cloud based Data storage management system. The system analyst collected the following system requirements from the client. You are supposed to identify the functional and non-functional requirements. a. The system shall be operational 10 hours a day and 5 days a week. b. If the system fails, the system will be recovered back up within 45 seconds or less. c. Admin shall be able to get information about all the registered customers. d. Admin shall be able to update any change in the database.
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- Arkitektyukid hired a consulting firm three (3) months ago to redesign the information system used bythe architects. The architects will be able to use state-of-the-art computer-aided design (CAD) programsto help in designing the products. Further, they will be able to store these designs on a network serverwhere they and other architects may be able to call them back up for future designs with similarcomponents. The consulting firm has been instructed to develop the system without disrupting thearchitects. Top management believes that the best route is to develop the system and then to “introduce”it to the architects during a training session. Management does not want the architects to spendprecious billable hours guessing about the new system or putting work off until the new system isworking. Thus, the consultants are operating in a back room under a shroud of secrecy. Required:a. Do you think that management is taking the best course of action for the announcement of the newsystem?…Kruger Designs hired a consulting firm three months ago to redesign the information system that the architects use. The architects will be able to use state of- the-art computer-aided design (CAD) programs to help in designing the products. Further, they will be able to store these designs on a network server from which they and other architects may be able to call them back for future designs with similar components. The consulting firm has been instructed to develop the system without disrupting the architects. In fact, top management believes that the best route is to develop the system and then to introduce it to the architects during a training session. Management does not want the architects to spend precious billable hours guessing about the new system or putting work off until the new system is working. Thus, the consultants are operating in a back room under a shroud of secrecy. Required a. Do you think that management is taking the best course of action for the announcement…Brew Bottle Company (BBC) is in the process of planning a more advanced computer-based information system. Slavish & Moore, LLP, BBC’s consulting firm, have recently been provided with an overview of their proposed plan:The Brew Bottle Company Information System (BBCIS) will be created with the help of its employees so that the system will function effectively. This helps ensure that the end product will perform the tasks that the user wants. System construction will begin with prototyping, computer-aided software engineering (CASE) technology, and Gantt charts. From here, systems professionals and a systems administrator who will work fulltime for BBC will create data models of the business process, define conceptual user views, design database tables, and specify system controls. Each user in each department will submit a written description of his or her needs and business problems to the systems professionals. Systems professionals will then perform analysis of feasibility and…
- The ABC Company is switching from its legacy centralizedsystem to a fully distributed system. Underthe new model, all employees will work from PCsconnected to a local area network. a. Outline a plan of action to ensure that the propercontrols over hardware, software, data, people,procedures, and documentation are in place.b. Discuss any risks the company may face if thedevised plan is not implemented.Better Business Company (BBC) is in the process of planning a more advanced computer-based information system. Slavish, Moore, LLP, BBCs consulting firm, has recently been provided with an overview of their proposed plan: To ensure that the system functions as needed, the BBC Information System (BBCIS) will be created with input from its employees. System construction will begin with prototyping, computer-aided software engineering technology, and Gantt charts. From this point, IT professionals and a systems administrator, who are full-time employees of BBC, will create data models of the business process, define conceptual user views, design database tables, and specify system controls. Users in each department will submit written descriptions of their information needs and business problems to the IT professionals, who will then perform feasibility studies. Each aspect of the system will be documented in accordance with best practices and standards. The systems administrator will determine access privileges and maintain access control lists and database authorization tables. The administrator will have sole access to the transaction log, which will be used to record all changes made to database tables. A role of the administrator is to detect unauthorized access, reconstruct events, and promote personal accountability. The systems administrator will also be responsible for ensuring that virus protection software is current. Another important task of the administrator is to ensure that adequate backup to databases and applications occur and that disks and tapes are stored in a secure off-site location. Each employee requiring computer access will be assigned a user ID and password that will be entered when logging onto the system. If a computer terminal is left idle for more than five minutes, the system will close out the session and the user will need to log on again. Furthermore, users will be required to change their passwords once every year. Hardware will be purchased from Bell Computer Company with the advice of in-house systems developers. With the exception of basic applications, user departments will be allowed to purchase additional software that they need, which will be added to the system. BBCIS will run on a central server in the computer center located in the companys administration building. Two security guards will be assigned to the entrance to the computer room. To access the computer center, employees will swipe their ID cards on the lock to the main entrance door. The system will record the times of each entry and departure from the center. The data center will employ an advanced air-conditioning and air filtration system to eliminate dust and pollens. There will also be a sprinkler system to minimize damages in case of a fire. Required Based on BBCs plans for the implementation of a new computer system, describe the potential risks and needed controls. Classify these according to the relevant areas of the COSO framework.Lamar LLC is in the process of updating its revenues and receivables systems with the implementation of new accounting software. James Loden, Inc. is an independent information technology consultant who is assisting Tamar with the project. James has developed the following checklist containing internal control points that the company should consider in this new implementation: Will different system access levels for different users be incorporated?
- Question #66: Lamar LLC is in the process of updating its revenues and receivables systems with the implementation of new accounting software. James Loden, Inc. is an independent information technology consultant who is assisting Tamar with the project. James has developed the following checklist containing internal control points that the company should consider in this new implementation: Will all data entry clerks and accounting personnel have their own PCs with log‐in IDs and password protection? Will different system access levels for different users be incorporated? Will customer orders be received via the Internet? Has the company identified an off‐site alternative computer processing location? Does the project budget include line items for an upgraded, uninterrupted power source and firewall? Required: In a two (2) page response, describe the control purpose for each point presented in the case.Your company is evaluating two cloud-based secured data storage services. "Great Sky," the newer service, claims its uploading and downloading speeds are faster than the older service, "Clear and Steady Skies." You need to make a decision based on published access times for both services at different times and for varying file sizes. To make your decision, you purchase two statistical studies from which you discover the average download time for Great Sky is 0.67 sec. per MB and for Clear Steady Skies is 0.84. Additionally, the studies indicate the following sample information: NGS = 60 ncss = 50, SGS = 0.25 and scss = 0.55. Use a = .05, and the five step hypothesis testing procedure to make the appropriate decision.Avenue Eight Designs hired a consulting firm three months ago to redesign the information system used by the architects. The architects will be able to use state-of-the-art CAD programs to help designing the products. Further, they will able to store these design on a network server where they and other architects may be able to call them back up for future designs with similar components. The consulting firm has been instructed to develop the system without disrupting the architects. In fact, the top management believes that the best route is to develop the system and then to “introduce” it to the architects during training session. Management does not want the architects to spend precious billable hours guessing about the new system of putting work off until the new system is working. Thus, the consultants are operating in a back room under a shroud of secrecy. a) Do you think that management is taking the best course of action for the announcement of the new system? Why? b) Do you…
- You are a member of a project team for the implementation of a new bank reconciliation accounting software for your company. Due to the size of your company, the daily transaction volumes are over 5,000. The project team has narrowed down five suppliers for the software. From these you are required to make your input as to which would be the most suitable for your company. we selected a software, BANKDOC1. At implementation, the information was correctly loaded to the system and the daily reconciliations were performed accurately. During week 2, your Bank communicated that there would be a change in their system as they were now utilizing a new platform. As such, some of the required fields for BANKDOC1 would now be eliminated on the Bank side. Required: - Define the problem. - What are the core issues? - What actions would you take to solve the problem?The following describes the expenditure cycle for a hypothetical company. The company has a centralized computer system with terminals located in various departments. The terminals are networked to a computer application, and digital accounting records are hosted on a serverin the data processing department. Each day, the computer in the data processing center scans the inventory records looking for items that must be replenished. For each item below itsreorder point, the system creates a digital purchase order and prints two hard copies. A technician in the data center sends the purchase orders to the purchasing department clerk.Upon receipt of the purchase orders, the purchasing clerk reviews and signs them. He sends Copy 1 to the supplier and files Copy 2 in the purchasing department.A few days later, the supplier ships the order and the goods arrive at the receiving department. The receiving clerk reviews the digital purchase order from his terminal, inspects the goods,…Until a year ago, Dagwood Printing Company had always operated in a centralized computer environment. Now, 75 percent of the office employees have a PC. Users have been able to choose their own software packages, and no documentation of end-user-developed applications has been required. Next month, each PC will be linked into a local area network and to the company’s mainframe. Required a. Outline a plan of action for Dagwood Printing Company to ensure that the proper controls over hardware, software, data, people, procedures, and documentation are in place. b. Discuss any exposures the company may face if the devised plan is not implemented.