Reference no: EM132462227

Both IT General Controls and Application Controls, are as follows:

Question 1. The lack of availability to an organization's IT system can have significant impact; thus, organizations typically have an IT Disaster Recovery plan (IT general control) for such situations. Give a real life example of a situation where a company has had such an "IT disaster" and discuss the following:

Problem a. General description of the IT disaster, including scope of the problem, impact to its operations and corrective actions.

Problem b. What are the key obstacle(s) or challenge(s) for a company to have an effective IT Disaster b.Recovery Plan?

Question 2. Choose at least two (2) other major or significant IT risks to discuss, including the following elements:

Problem a. Specific nature of the IT risk , whether it's an application or general IT control and a discussion of its likelihood and significance of the risk.

Problem b. Is this IT risk more a technical or human issue or both? Please provide reasoning.

Problem c. Discuss whether future technological advances will enhance or reduce this risk.

Problem d. Discuss the type of control(s) that could/should be implemented to mitigate such risk.