Page 33 - Quick Insights Book 2022

Chap. 6 – Information Technology

Stage Name Services/Consultations that
Chartered Accountants can provide
Preliminary Stage Basic
At this stage, assessment of nature of problem, suggested solution, available
alternatives and feasibility assessment of proposed system is done.
Deliverable by CA
The recommendations are based on fair assessment of alternates and feasibility
studies done and are correctly documented.
Requirement Analysis/System Analysis Basic
At this stage, fact collection of existing system, an assessment of proposed system
and an output report referred to as System Requirement Specification (SRS)
document is generated.
Deliverable by CA
SRS document, is based on business needs of the organizations.
System Design Basic
At this stage, desired features and operations are described in detail, including screen
layouts, business rules, process diagrams, control structure, and other documentation.
Deliverable by CA
Validate the design effectiveness of control structures.
System Development/Acquisition Basic
At this stage, software (development/acquisition) plus necessary hardware acquisition,
as per the requirements mentioned in request for proposal/invitation to tender (RFP/
ITT).
Deliverable by CA
- Drafting of RFP/ITT. This is a great opportunity for Chartered Accountants, as
they are considered experts in legal draft, analysis of the same and linking
the same to requirements as specified in SRS above.
- Software Selection Consultation: Chartered Accountants, with their analytical
skills added with systems knowledge are in great position to monetize this
opportunity.
In fact, this opportunity exists independently also, where ever any organization goes
for a software selection, hiring a chartered accountant generate a good pay back for
that organization.
System Testing Basic
All systems, including software (developed/acquired), hardware, are put together and
tested.
Deliverable by CA
- Chartered Accountants, with their skills, understanding of real-life business
scenarios are well places to make good this immense opportunity. Chartered
Accountants can provide multiple services at this stage, including
-- Design of test data
-- Validation of test data results
In fact, this opportunity exists independently also, where ever any organization goes
for a software implementation, hiring a chartered accountant for software testing will
generate a good pay back for that organization.
Post Implementation Review Basic
Once system has been implemented, organizations need to know whether
implemented system is fulfilling its objective and purpose.
Deliverable by CA
Chartered Accountants need to create professional opportunities for these studies.

20 Quick Insights on Professional Opportunities for Chartered Accountants