Question: The proposed new IT-based sales accounting system will be cloud-based and St James will access the underling software via online access. Visit the website

The proposed new IT-based sales accounting system will be cloud-based and St

The proposed new IT-based sales accounting system will be cloud-based and St James will access the underling software via online access. Visit the website of the Committee of Sponsoring Organizations of the Treadway Commission (COOSO) (www.coso.org) to obtain a free copy of Coso's thought paper, Enterprise Risk Management for Cloud Computing, to answer the following questions: [a] What is cloud computing? [b] What benefits, if any, would use of cloud computing for the sales system provide St. James? [c] What risks, if any, would the use of cloud computing for the sale system impose on St. James?

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