Both IT General Controls and Application Controls, are as follows:

1.The lack of availability to an organization's IT system can have significant impact; thus, organizations typically have an IT Disaster Recovery plan (IT general control) for such situations.Give a real life example of a situation where a company has had such an "IT disaster" and discuss the following:

• a.General description of the IT disaster, including scope of the problem, impact to its operations and corrective actions.
• b.What are the key obstacle(s) or challenge(s) for a company to have an effective IT Disaster b.Recovery Plan?

2.Choose at leasttwo (2) othermajor or significant IT risks to discuss, including the following elements:

• a.Specific nature of the IT risk , whether it's an application or general IT control and a discussion of its likelihood and significance of the risk.
• b.Is this IT risk more a technical or human issue or both? Please provide reasoning.
• c.Discuss whether future technological advances will enhance or reduce this risk.
• d.Discuss the type of control(s) that could/should be implemented to mitigate such risk.