Reference no: EM131038959

Many firms are relying on cloud computing, also known as "the cloud," to perform key business functions. By moving transactional processing to the cloud, firms are exposing themselves to additional attacks as well as to tighter scrutiny from regulators and stakeholders.

Locate and review annual reports about Amazon.com and assume that you are the CFO of Amazon.com. Create an argument indicating how your firm will be able to balance the needs of security with the desire of being a dominant player in the global market.

As the CFO, describe your top-three fears in competing in the global market, and how you plan to overcome those fears. Provide support for your rationale.

In this global age of information, suggest which threats are posed to the principles of confidentiality and privacy, related to offshore outsourcing of various information systems functions. Provide support for your rationale.
Determine who should be held liable for any breaches that occur, and indicate the course(s) of action that should be taken.
In the global enterprise, firms are insistent that their accounting information systems (AIS) and other key systems are available 100% of the time, and that these systems are the highest in integrity. Evaluate how a firm manages the balance of high availability with high integrity in these days of tight budgets and additional oversight from regulators.
As a student taking online classes or relying on online resources such as libraries and tech support, evaluate the benefits of the school providing you with 24 / 7 access to these resources in relation to the costs incurred by the school itself.
The 21st century auditor requires knowledge of technology and accounting information systems in addition to his / her understanding of accounting concepts and guidelines. The degree of knowledge in technology and AIS will vary with each auditor. Recommend the top-five technology and AIS skills that the 21st century auditor should have. Justify your recommendations.

Now, recommend a series of actions that need to be taken by auditors and their firms to ensure that the auditors maintain their skills.

Visit a Website (iTunes, Amazon.com, etc.) and examine the steps necessary to complete a sale and discuss how the sales order process is integrated with other processes (credit and collections, delivery, etc.). Indicate your overall satisfaction with the process.

Visit a Website (iTunes, Amazon.com, etc.) that sells goods and services And recommend at least one improvement in the Website's sales order process you would implement to make it more efficient in order to improve the customer experience. Then, assess whether the recommendation meant to benefits the clients warrants the potential cost of implementation for the company. Provide specific examples to support your response.

Using your own present or previous place of work as an example, propose a method for mitigating the problem of separate departments (e.g., academics, student services, information technology, etc.) ordering the same item.
From the proposal above, discuss the possible issues that implementing the proposed method would cause to the organization. Suggest additional controls that you would put into place to overcome the issues. Provide specific examples to support your response.