You have recently been appointed as a trainee chartered accountant at Shuster Whitehouse LLP, a Manchesterbased accounting partnership. Following your induction, a senior partner has asked you to undertake arisk review of the computer-based accounting information system of Bepolo Ltd. The company is a small local electrical retail company with an annual turnover of £1.2m and an annual net profit of approximately £700,000.
Describe and explain: the primary and secondary sources of risk, and the main types of risk.
During the systems development life cycle, it is not uncommon for a systems development team seeking to introduce new systems and procedures to face/encounter significant resistance.
Explain why such resistance may emerge, what forms such resistance can take and how such resistance can be managed and minimised.
Describe and evaluate the main costs/benefits associated with information and communication technologies, and explain why it is important for a company to develop an effective information and communication technology strategy.
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