Comprehensive Audit Plan. Accounting, Finance, SPSS Essay

SDLC in Company Management
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SDLC in Company Management
A System Design Life Cycle (SDLC) plays a crucial role in business operations since organizations seek to ensure consistency and routine in their operations. As such, this calls for the business to have a structure of operations to ensure such consistency is achieved. As such, SDLCs help businesses in establishing a framework on which they can create, build, and interpret, as well as implement and enhance systems that can be followed by all personnel within the company (Grenci & Hull, 2020). Further, the SDLC helps in enhancing accountability for business management and IT operations since it requires the company to ensure proper documentation for all operations. It has also been used to aid in auditing since it enhances the precision and ease of handling the auditing process. An effective design of SDLC has been recommended for Coinbase. The company was founded in June 2012, and it is a digital currency platform and wallet in which consumers and merchants transact using such digital currencies as ethereum, bitcoin, and litecoin. It is based in San Francisco in California. It runs the bitcoin network with has thousands of computers operated by people in different parts of the world. The recommended SDLC framework will enhance business operations between customers and merchants using the Coinbase platform.
Recommendations on the requirements for the feasibility study, Pros and cons for the design of SDLC
The analysis is centred on Coinbase, which is an online company that creates the platform for customers and merchants to transact using such digital currencies as bitcoin. As such, it is important to ensure that the recommendations drawn on the feasibility study are analysed carefully since the company handles billions of bitcoins which are run by individuals operating different computers across the world. This means that a simple mistake in the platform could result in losses and collapse of the company.
The SDLC should first be created in understanding of the nature of business that Coinbase is involved in, in which case it is transactions between consumers and merchants who are using such digital currencies as litecoin and bitcoin. The system developers should also understand the workflows that are involved in the process of transactions between different individuals. The workflows involve the actual definition of the transaction, its execution, and automation of different business processes from the consumer to the merchant and vice-versa (Mendoza & Putri, 2020). The transaction between the two parties is usually based on a set of procedural agreements and rules observed by both parties. Therefore, such workflows need to be considered.
Such researchers as Sishi and Telukdarie (2020) have also shown that the SDLC design exists in various models. They include the Spiral Model, Iterative Model, Waterfall Model, V-model, and Big Bang Model. In this case, the Iterative Model is the most appropriate for adoption in the case of Coinbase. The selection of the model was justified by the fact that the system enables easy detection of flaws within the system and thus allowing the system developer and users to corr...