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Most well run organizations such as Fortune 500 companies go through a formal process in...

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Question

Accounting

Most well run organizations such as Fortune 500 companies go through a formal process in replacing their existing information processing systems and selecting new systems.

Required:

(1) Outline and discuss in detail the different steps involved in this process (12 Points).

(2) Why is it important to involve Accountant/Auditors in the systems development process (8 Points)?

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