MAC4B8 QUESTION 2 (22 marks) You are the Management Accountant at Matha Green Solutions (MGS) and have just recetved the following email from Ms Mmaphure Mudau (Acting Chief Financial Otficer) From:To:Sent:Subject:MmaphureMudauManagementAccountant17July2023Queriesregardingnewsarticles Good Morning I require your assistance to answer the following queries from the Board of Directors after a review of our ICT controls from the internal audit function. The company has a disaster recovery plan and business cantinuity plan. However, both these plans have not been updated or tested since 2021. The company utilises a single supplier database for all its business requirements, Only suppliers on the database can provide goods and services to MGS. The database is hosted in the cloud and has separate sections for the Chinese manufacturing plant and the South African operations. The process to register on the database is detailed below: - Supplier log on to an online portal, www mas-supply.com. - Supplier registers a profile with their email address and authenticate that profile. - Upload their supporting documentation such as contact, product, tax and banking information. - A local supply chain department member will evaluate their supporting documents to verify the authenticity thereof and approve the supplier to be added to the database. - If successful, the supplier will be added to the supplier database and will be issued with a unique supplier identifier. The company's Chief Data Officer (CDO) resigned in 2021, and that position has not been lled yet. I. Mmapure Mudau (Acting CFO), have been acting as the CDO in the interim. Before he CDO's resignation, they had authorised a deviation from the process wherein any finance supply chain employee could approve any supplier to be added to the database. The ompany did not have training for the new employees, they just sent them a presentation on e procedure to vet and load new suppliers. Many of the SA assembly plant suppliers are ients of overseas-based manufacturers. Some of these agents' failure to adhere to the partment of Trade Industry and Competition's (DTIC) local regulations resulted in MGS ceiving unfavourable press. Can you please make recommendations to the general control und suppliers registration on the supplier database to align MGS to modern organisation icture and approach to data. ve been researching blockchain technology and am uncertain as to whether MGS shol pt that technology. Can you please supplement my research and recommend blockch in our supply chain process? he pre-s artment coines. anels and wind turbina Energy (Pty) he success of phakestment). This would also producers ssible strategic invergy Independen a good opportunt to ars still hacts are expected to start MAC4868 In summary can you please provide a report responding to the following? 2.1. Discuss 7 (seven) consequences for MGS being exposed to business continuity risk by not having an up to date business continuity and disaster recovery plan. (7 marks) 2.2. Recommend how blockchain technology can be beneficial in the supply chain function (7 marks) of MGS . 2.3. Recommend database control procedures that MGS can implement to secure their supplier database data. ( 8 marks) Kind regards, Ms Mmaphure Maponya Chief Financial Officer (Acting) Matla Green Solutions