QUESTION 2 (35 marks) 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: 2.1 Discuss the audit and control procedures/considerations for the system development of a new and existing accounting package. (12.5 marks) 2.2 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 tables: Advantages (13 marks) Create a new accounting software package Purchase an existing accounting software package XXX XXX ANNEXURE I: FORMATIVE ASSESSMENT 2 89 HCGA232-1-Jan-Jun2024-FA2-TA-V2-03012024 Disadvantages (7 marks) Make a new accounting software package Purchase an existing accounting software package XXX XXX 2.3 Based on your responses for 2.1 and 2.2 above, advise Westin whether they should choose to develop a new accounting software package or purchase an existing accounting software package. (2.5 marks)