Assignment 4

timer Asked: Jul 3rd, 2018
account_balance_wallet $10

Question description

Management is responsible for creating and implementing different levels of internal controls over business operations and financial reporting. Complete the requirements for Chapter 7, Case Analysis 7-22 (Hammaker Manufacturing: Security Controls), on p. 230-231 of the textbook and submit via the course Dropbox by the final day of the unit (i.e., Tuesday midnight). Your deliverable needs to clearly identify each of the requirements and your respective answers.

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Tutor Answer

School: Carnegie Mellon University



Confidentiality of Information
Institution Affiliation


Benefits of Confidentiality of Information and Records


There are many Benefits of maintaining the confidentiality of information and records the
HM will experience with the help of the new system. First, the company will be able to compete
with other rival competitors by hiding their secrets (Tuna, 2017). In this case, when other
companies are not aware of what are the secret strategies or plans of the HM they will not know
the proper counter-attack strategy to apply to beat the company in so-called completion. This
unawareness will enable the company to stay on top of other companies dealing with the same
products. The second benefit that HM is likely to experience is that the customers are likely to
gain more confidence. This impact can easily facilitate on retaining customers as well as
attracting more customers.
Other benefits that HM will enjoy will be in a place to protect its reputation much easier.
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Awesome! Exactly what I wanted.

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