A retail company called Westin Limited $($Westin$)$ in Cape Town aims to modernise its

financial management system. Westin must weigh the benefits of creating a

customised accounting software package to accommodate unique client requirements

against the conveniences offered by a commercially available software package

$($purchasing an off$-$the$-$shelf package$).$ The decision$-$making process involves

evaluating financial constraints, time sensitivity$,$ and the necessity for tailored

functionalities.

In conclusion, choosing between developing a new accounting software package and

purchasing an existing one demands a comprehensive analysis of organisational

requirements, resources, and strategic goals. A careful balance between

customisation and cost$-$effectiveness is paramount in making an informed decision.

REQUIRED:

$2\mathrm{.}1$ Discuss the audit and control procedures$/$considerations for the systemdevelopment of a new and existing accounting package.$(12\mathrm{.}5$ marks$)$

$2\mathrm{.}2$ Discuss the advantages and disadvantages of creating a new accounting software package tailored for Westin compared to purchasing an existing accounting software package.

Structure the answer using the below headings:

Advantages Create a new accounting software

package and Purchase an existing accounting software package