A third-party consultant is managing the replacement of an accounting system. Which of the following should be the IS auditor's GREATEST concern?
A third-party consultant is managing the replacement of an accounting system. Which of the following should be the IS auditor's GREATEST concern?
In the context of replacing an accounting system, data migration is critical because it involves transferring all the necessary financial and historical data from the old system to the new one. If data migration is not part of the contracted activities, there is a significant risk of data being lost, incorrectly transferred, or overlooked, leading to inaccuracies in financial reporting and possible compliance issues. This could severely impact the organization's financial integrity and operational continuity.
this should be C
Could the answer be D?
I think that the answer is B.
I think A is correct. Replacement near the end of the term report should be avoided.
ata migration is a critical aspect of system replacement projects, especially for accounting systems where accurate and complete historical data is essential for financial reporting and auditing purposes. If data migration is not included in the contracted activities, there is a significant risk that important data could be overlooked, lost, or incorrectly transferred. This could lead to inaccuracies in financial reporting, compliance issues, and operational disruptions.