Transaction logging is the process of recording all transactions and activities that occur within a system. In the context of the accounting firm's application, transaction logging plays a crucial role in ensuring the security and integrity of the data.
The purpose of transaction logging in the accounting firm's application includes:
1. Security: Transaction logging helps in tracking and monitoring all the activities performed by users within the application. This can help in identifying any unauthorized access or suspicious activities.
2. Auditing: Transaction logging provides a trail of all the actions taken by users, which can be useful for auditing purposes. It ensures that all transactions are recorded and can be traced back if needed.
3. Troubleshooting: In case of any issues or errors within the application, transaction logs can be used to identify the root cause of the problem. It helps in troubleshooting and resolving any issues quickly.
4. Compliance: Transaction logging is essential for ensuring compliance with regulatory requirements. It helps in maintaining a record of all activities within the application, which can be useful during audits or investigations.
Overall, transaction logging plays a vital role in ensuring the security, integrity, and compliance of the accounting firm's application. It provides a detailed record of all transactions and activities, which is essential for maintaining the trust and reliability of the system.
ou are an IT intern working for a small accountancy firm. During the COVID hard lockdown
period, the firm realised that it has to be more adaptable if it is to survive and as such have
decided to develop an application that will allow clients to make use of the firm’s services via an
online platform. The IT department of the accountancy firm will be developing this new online
platform.When a user enters their details on the home page of the application, the client management
subsystem will confirm whether they are a registered user or not. If they are a registered user,
their identity will be verified and they will be able to select a service action such as a statement
request or a tax filing request from the services subsystem. If they are not a registered user, the
system will register a profile for them based on the information they provided, verify their identity
and allow them to select a service action. As yearly tax submissions are time sensitive, the
platform should be available 24 hours a day, 365 days a year.All systems analysis activities have been concluded for the application to be developed for the
accounting firm. It was decided that the application will run through a web browser to ensure
greater portability of the application. It will only interact with the company’s internal databases
for the time being. All data inside the database will be encrypted.
Answer all questions in relation to the development of the application for the accounting firm.
When a client registers a profile using the application, they provide their name, surname, address,
ID number, tax number
Q.5.3 Explain the purpose of transaction logging and its potential role in the accounting
firm’s application.
1 answer