List at least five threats in the process of ERP implementation (any of these steps: ERP product brand selection, module design, installation, testing, and daily operation), and propose at least 10 controls to mitigate the threats in your list.For each threat, there should be at least one proposed control.Elaborate on both the threats and controls.An answer like “Threat 1: Theft of cash. Controls: a. surprise audits; b. running petty cash.” is not sufficient. You need to explain why you think theft of cash is a threat, and how the two controls can mitigate the risk of cash theft.

Answer: Threat 1: Losing Data - Data recorded after implementation of ERP might be lost due to…

Answered: implementation (any of these steps: ERP…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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List at least five threats in the process of ERP implementation (any of these steps: ERP product brand selection, module design, installation, testing, and daily operation), and propose at least 10 controls to mitigate the threats in your list.

For each threat, there should be at least one proposed control.
Elaborate on both the threats and controls.

An answer like “Threat 1: Theft of cash. Controls: a. surprise audits; b. running petty cash.” is not sufficient. You need to explain why you think theft of cash is a threat, and how the two controls can mitigate the risk of cash theft.

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