Question 6

You have been working in the accounting department of AAA Limited since 2000. During this period, you have performed various roles, including:

1. Evaluating the purpose and role of accounting information systems in achieving the overall objectives of the organisation,
2. Articulating the various transaction cycles, financial reporting, management reporting systems and ecommerce systems to technical and non-technical stakeholders,
3. Evaluating systems development methodologies and the role of accountants in system development projects,
4. Appraising the risks inherent in computer-based systems/ERP, including the role of ethics and the various internal control processes that need to be in place, and
5. Critically evaluating the range of cultural, security, privacy and ethical issues.

Recently, you joined another company for a senior role as a chief information officer. You are excited to perform this senior role. David is the chief executive officer (CEO) of your organisation, and he is excited to implement an Enterprise Resource Planning (ERP) system. Recently, your CEO has met with a consulting ERP firm based on a friend's recommendation at his club. During a recent meeting, David invited the chief consultant who is charming, personable, and seemed very knowledgeable. The CEO's first instinct was to sign a contract with the consultant, but he decided to hold off until he had received your input.

Required:David wants your opinion on this issue. In particular, he asked you to write a memo presenting the issues and the risks associated with consultants. Your discussion should be based on the relevant, interactive tutorial. Further, outline a set of procedures that could be used as a guide in selecting a consultant.

Please provide this answer with references?