New System Development Activity Controls Must Focus on the Authorization

question 54

Essay

New system development activity controls must focus on the authorization, development, and implementation of new systems and its maintenance. Discuss at least five control activities that are found in an effective system development life cycle.

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Definitions:

Signaling Effect

A theory in finance that suggests when a company announces an increase or decrease in dividends, it signals its financial health and prospects to investors.

Expansion Policy

A strategy or set of guidelines that an organization follows to grow its business operations, either by expanding into new markets, increasing product lines, or enhancing capacity.

Cash Stream

A series of incoming and outgoing cash transactions over a period of time.

Capital Appreciation

An increase in the value of an asset or investment over time, not including dividends or interest earnings.