ca inter suggested answers | Nov 23 EISSM Paper
Table of Content
Section - (A)
GPL Bank wants to reduce IT related risks by implementing controls in the automated environment. As an IT consultant, explain any three IT controls which may be implemented for GPL Bank.
Answer 1 : (A)
COMING SOON
A voucher is an important document for any accounting application. Please list any four important points for voucher numbering while designing an accounting application.
Answer 1 : (B)
COMING SOON
You are appointed as an IS auditor of TVL Ltd. Explain any three audit tools which may be used in IS audit to the management of TVL Ltd.
Answer 2 : (A)
Flowcharts are diagrammatic representation of business processes. Briefly explain any four steps for creating a flowchart for business processes.
Answer 2 : (B)
COMING SOON
Prior to ERP audit, an auditor has to consider all aspects of audit of an ERP system. As the IS auditor of CRK Ltd., prepare a report on questions to be asked during the audit of their ERP system.
Answer 3 : (A)
COMING SOON
You are designing data warehouse for DalMart, a retail company that sells wide range of products. Explain any four benefits of a data warehouse.
Answer 3 : (B)
COMING SOON
Enterprise Risk Management helps an organization to operate more effectively in environment filled with risks. As a risk manager, justify the statement by explaining any six benefits of ERM.
Answer 4 : (A)
COMING SOON
Increase in Internet-based transactions has necessitated a need for framing suitable laws. Explain any four objectives of IT Act, 2000.
Answer 4 : (B)
You are appointed as IS auditor by RIC Bank to audit their mortgage Loan transactions. RIC Bank has an in-house CBS System. As a pre-audit program, please prepare a report to define Mortgage Loans and its types. Also explain the risks involved in mortgage process which need to be taken care of during the audit.
Answer 5 : (A)
COMING SOON
After demonetisation, the trend of digital payments has increased a lot in India. Briefly explain Mobile Wallet and Mobile Banking.
Answer 5 : (B)
COMING SOON
OR
Write short notes on :
(i) Two-tier Client server architecture
(ii) Digital Library
Answer 5 : (B)
COMING SOON
Section - (B)
Swagatam was a chain of hotels. The business was good until the whole ation was impacted by COVID-19 pandemic in early 2022.
The management soon understood that pandemic had seriously disrupted the hotel sector and average revenue-per-available room fell by nearly 90% and they expected this decline to continue due to travel bans and fear seen in the society.
Pandemic required 14-day compulsory quarantine for the affected individuals and hospitals were short of rooms.
Management found a small opportunity as they had sufficient rooms, staff and could follow required health and safety standards. They decided to do service transformation by letting some of their units to hospitals to be transformed into covid- care units & rest of the units were rented to individuals as a quarantine facility.
(a) Name the strategic level of management at which such decisions are made.
(b) The above scenario depicts one of the limitations of strategic management. Discuss which limitation of strategic management is depicted here.
(c) Here the decision taken by the management was reactive. Discuss the benefit of proactive approach over reactive approach.
Answer 6 :
COMING SOON
According to Michael Porter, what are the five competitive forces that exist within an industry ?
Answer 7 : (A)
“The approach to BPR begins with defining the scope and objectives of the re-engineering project.” With reference to this statement explain briefly the steps for implementing BPR.
Answer 7 : (B)
Disha is appointed as Human Resource Manager in a Telecom company. Currently, the company is facing various HR challenges. Disha’s role involves implementing effective human resource management strategies to address HR challenges and ensure the success of the company. Enumerate any five prominent areas where Disha can play a strategic role.
Answer 8 : (A)
COMING SOON
Care Ltd. has decided to acquire Trust Ltd. Discuss the major dimensions of strategic decisions.
Answer 8 : (B)
