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REQUIRED: ( You need to refer to the above scenario in your answers ) 1 . Identify and discuss the application controls that are in

REQUIRED: (You need to refer to the above scenario in your answers)
1. Identify and discuss the application controls that are in the M4U purchases cycle.
In presenting your answer, you are required to allocate the controls you identify under one of the following headings:
Input controls
Processing controls
Output controls
Access control (25 marks)
2. Recommend possible uses of blockchain technology to improve purchase cycle controls at M4U, including possible benefits/risks linked to its use. (10 marks)
3. Recommend how M4U can utilise big data analytics and data visualisation, including examples of visualisation, to improve their purchase cycle. (10 marks)
4. Discuss new skills that are required to succeed in a finance function of M4U due to the use of automation. (5 marks)
5. Recommend actions M4U can implement to ensure a corporate digital responsibility strategy. (5 marks)
6. The financial controller believes that due to the changing commodity prices used in the purchase cycle, it would be advantageous for M4U to implement an extranet to allow for the real-time updating of prices.
Please discuss the following about her proposal:
6.1. Is an extranet the only network architecture that can be implemented to achieve the real-time updating of prices? (5 marks)
6.2. What cyber security threats are there from implementing an extranet? (5 marks)

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