Accounting Information Systems and Controls: A Comprehensive Analysis

Accounting Information Systems and
Controls
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Table of Contents
Introduction:....................................................................................................................................3
1:..................................................................................................................................................4
(a): Attempts to improve the software systems and contribution of Consultancy Company......4
(B): Define the organisational issues that the CEO and management team must address in the
future............................................................................................................................................5
(C): Recommend steps that can be taken to ensure a good outcome from consultancy services.
.....................................................................................................................................................6
2: ways to maximise the effectiveness of the security awareness training programs..................7
3:..................................................................................................................................................9
(a): List fraud symptoms that should have aroused the auditor’s suspicion................................9
(b): Audit procedures that identify that fraud occurred.............................................................10
4: Possible risks offshore outsourcing of various information systems functions,....................11
Conclusion:....................................................................................................................................13
References:....................................................................................................................................14
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Introduction:
The present report is about Read-All technology which is facing some problems related to
employee shortage and negative customer experience due to internal problems. This report is
made to explain the reasons for such negative results along with the factors which contribute in
the same from the side of the consultancy firm. The risks related with the outsourcing of an
organisation's information system are also explained in this report along with some ideas which
can be used to enhance the effectiveness of training related to security awareness. Along with all
above, the report will also give significant information to the user so that he can understand the
audit facts and fraud symptoms.
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1:
(a): Attempts to improve the software systems and contribution of Consultancy Company
The steps taken to improve the software system failed due to various internal reasons and some
of them are as follows:
Loss of skilled staff: Read-All technology was facing a big problem related to the experience of
staff. The skilled and experienced staff of company leave their job due to better growth options
and the company does not make proper recruitments to fulfil their vacancies. The existing
employees of the company do not have relevant and enough experience to improve the software
system to fulfil the needs of customers thus company lost a great growth opportunity and also
face a negative cash flow situation.
Complex interface: the interface of software update was complex and hard to understand and
due to the same, the user and developer both feel the complexity. Developers of Consultancy
Company faced problems during the updating because the interface of software of Read-all was
not so understandable. Due to the same reason, developer of consultancy firm was not able to
make collaboration between old software and advance update which contribute in the failure of
improvement process (Dunlosky, et. al., 2013).
Lack of vision: lack of vision is one of the reasons for the failure of a development program.
Software systems required regular monitoring and updating to provide quality services but the
company does not make a regular update as per market trends which also contribute to failure.
A contribution of Consultancy Company: the company which is hired to eliminate the
complex situation also contribute to failure due to lack of managed work. Developers of
consultancy make high-quality upgradations without considering the base features of the
software which make it irrelevant and not understandable for customers. thus, the company lost a
great chance of growth and customer base.
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