College of Banking and Financial Studies Information Systems & Audit Types Essay all the requirements in the photo attached (Code: A15/ date 16/5/2020) Wh

College of Banking and Financial Studies Information Systems & Audit Types Essay all the requirements in the photo attached
(Code: A15/ date 16/5/2020)

Which subject: Internal audit

If there is any program to use : No

Calculations or thury:

Thury

How many words: Total word 1150 / note that each question the mention how many word required.

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Turnitin report needed

Similarity less than 5 Section A – Two compulsory questions
Question 01
You are newly appointed as an internal auditor of ABC LLC, a company involved in making
business to business (B2B) sales of industrial products. The CEO of the company during an
official meeting stated, “Companies today increasingly face the need for transformation due
to volatile, uncertain, complex and ambiguous business environment. Managing the risk
created by VUCA business environment has seen as an esoteric business function. Advise me
on the role played by or the importance of Internal Auditors in supporting the organisations to
manage the risks”.
You are required to construct an answer by:
Explaining the scope of internal audit and discussing any five types of audit conducted
by the internal auditors to provide assurance on the adequacy of internal controls and
risk management with suitable examples.
(30 marks)
(Word limit – 600 words)
Question 02
PQR is a small listed company that had developed its information system strategy over several
years. The company sees IT system as the tool for recording day-to-day transactions and runs
with basic Transaction Processing System (TPS). The upgrades to the system are done
according to users’ requirement. The company’s senior management does not run any
sophisticated information systems and mainly relies on the junior managers to provide them
with reports, which are focused at operational and tactical levels. The management had
identified its incompatibility in arriving at effective strategic decisions with the present
information strategy
Requirement
a. Advise the importance of Information System Strategy, Information Technology
Strategy and Information Management Strategy for PQR Company.
10 marks
(Word limit – 150 words)
b. Compare and contrast between Transaction Processing System (TPS),
Management Information System (MIS), Expert System (ES), Decision Support
System (DSS) and Enterprise Resource Planning System (ERPS).
20 marks
(Word limit – 450 words)

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