BEC 6 M6: Systems Development and Maintainance Flashcards Preview

BEC 6: Process Management and Info Technology > BEC 6 M6: Systems Development and Maintainance > Flashcards

Flashcards in BEC 6 M6: Systems Development and Maintainance Deck (5)
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1
Q

4 types of reporting risk that an accountant must recognize as threats to accuracy of reports

A
  1. Financial Risk: loss of a valued asset
  2. Information risk: theft/destruction of info
  3. Strategic risk: picking wrong tech
  4. Operating risk: doing the write things the wrong way (giving someone the wrong access)
2
Q

Direct Changeover/big bang adoption

A

when a new system replaces an old one, eliminating the possibility of operating in two systems

3
Q

change management

A

where a company implements new technology and hires an individual to help document new policies/procedures and develop training

4
Q

IT risk Framework by ISACA objectives

A
  1. integrate the mgt of IT risk into overall risk mgt of enterprise
  2. make well-informed decisions about the nature and extent of risk, risk appetite and ris tolerance
  3. develop a response to risk
5
Q

Three categories of IT risk

A
  1. IT Benefit/Value Enablement Risk: missed opportunities to use tech to improve business processes
  2. IT program and project delivery risk: Related to contribution of IT to new/improved business solutions
  3. IT operations and service delivery risk: related to all aspects of the performance of IT systems/services