Randcom case study (Accounting, Finance, SPSS Case Study)
We will discuss how information technology affects the internal control environment. We will discuss inherent risks of utilizing IT. We will then discuss control activities to mitigate risks associated with IT.
1. Read TW Chapter 4
2. Watch Video on AICPA Trust Principles Discussing Inherent Risks in IT Systems
https://mediaspace(dot)illinois(dot)edu/media/0_tdwcnhfe
netid: yiqingl6
password: Aaa1357000
3. Watch Video on Control Activities for IT Systems
https://mediaspace(dot)illinois(dot)edu/media/0_3rnow099
4. Read Cybersecurity at Randcom Case
James, the CEO of Randcom, expressed the following: “As long as the technology driving Randcom 2.0 is up to date, I am not worried.” Write a paragraph assessing the CEO’s notion that, if the technology is up to date, there is little for Randcom to worry about.
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Randcom case study
In the current competitive business environment, the role of information technology cannot be overlooked. Information technology allows a business to work more efficiently, effectively, and maximize productivity and performance. These systems enhance communication, data management, storage and retrieval of data, efficiency in operations, business culture and relations, creativity, and innovation (Berisha-Namani, 106). For instance, employees must respond to customer needs in real-time to increase their satisfaction in today's competitive business. In reality, businesses are looking for ways to do more work in less time, and this can only be possible by leveraging information technology tools. On the flip side, information technology tools are expensive to acquire, prone to security concerns, and difficulties in training employees (Berisha-Namani, 107).
In the article “Cybersecurity at Randcom,” James, the chief executive officer, acknowledges the importance of information technology in increasing operational efficiency and communication with customers. In his statement, he argues that if Randcom&rsq...
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