Explain the applications of outsourcing in accounting and


Outsourcing of Information Systems

Requirements:

1.              Describe what outsourcing is and why its importance is increasing. Refer to 2 refereed journal articles.  

2.              Explain the applications of outsourcing in accounting and their implications on the profitabilityand quality of information of a company. 

3.              Considering the outsourcing of information systems of a telephone company and a commercial bank in Australia, describe howoutsourcing can expose those companies to potentialrisks arising from information security and privacy issues.

4.              Explain what preventive controls you would suggest to reduce the information security and privacy issues explained in 3) above.

Presentation:

Write a report addressing the above requirements. Marks will also be provided for an executive summary, a conclusion, grammar and references. 

Word limit: 3,500 words (approximately). 

Marking guideline and assignment submission criteria

Requirements

Description and analysis

Allocated marks

1

Meaning and importance of outsourcing.

 

2

Applications of outsourcing in accounting and their implications on the profitability and quality of information of a company.

 

 

3

Outsourcing of information systems of a commercial bank and a telephone company in Australia and potential information security and privacy issues.

 

4

Preventive controls to reduce the information security and privacy issues explained in 3) above.

 

Presentation

Executive summary.

Conclusion.

Grammar and punctuation.

References in appropriate style (both in-text and in the list of references).

 

 

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Financial Accounting: Explain the applications of outsourcing in accounting and
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