The internal auditor of a small company has recommended to the CEO that it invest in a disaster recovery plan (DRP) because of several identified vulnerabilities. Traditional in-house DRP approaches are, however, not a viable option because the company lacks the necessary IT resources to implement and manage these tasks. The auditor has suggested that outsourcing disaster recovery to a cloud-based service provider may be a reasonable alternative. The CEO has no experience with cloud computing and has asked the internal auditor to provide him with more information. Required: Prepare a report outlining cloud computing. Your report should address the following: Describe how the services provided under cloud computing relate to disaster recovery planning. Outline the risks associated with this technology

Q: As far as the reliability of evidence is concerned, which types of procedures used to obtain…

A: Whatever information utilized by that the auditor to establish the assumptions that comprise the…

Q: You are currently working in a mid-tier accounting firm. In an engagement meeting with a client, the…

A: Data warehouse: It refers to the database which helps in making business decisions. The process of…

Q: Companies of all sizes try to reduce business risks, create disaster recovery plans, and also…

A: Business risk Business risk is the risk of lowering the profits of a company. Any factor that…

Q: than sets a meeting

A: Vick should seek support from individuals or entities that promote ethical conduct and have the…

Q: You are engaged to assist in the installation of a new computerized production system for your…

A: The objective of the question is to understand the potential legal implications for a CPA firm that…

Q: How could Pascal and Super Tech have identified and addressed this risk? What should Pascal do now?…

A: Introduction: In this case, the organization should implement a risk-reduction strategy. The…

Q: A friend has asked you for some advice. She owns some shares in S, a large quoted entity. The…

A: a) Materiality concept in accounting states that accounting standard can be ignored if its impact on…

Q: You are currently working in a mid-tier accounting firm. In an engagement meeting with a client, the…

A: Once, when the auditor is free to perform his roles, then the audit agreement can be accepted. An…

Computerized Accounting System

The Computerized Accounting System is generally a system of maintaining accounts using computers. In this method of accounting system, the accounting transactions are processed through the use of hardware and software to generate the reports such as journals, ledgers, trial balance, trading account, P/L accounts, balance and other reports.