...application Sharing experiences in conducting IS auditing Detailing a certain sophisticated IS audit techniques Introducing practical approach to conduct IS auditing © 2006 Veda Praxis Control Advisory Page 2 1 Outline • The need for control and audit of computers • IS auditing definition • Foundation of IS auditing • IS Audit Profession • ISACA • Certified Information System Auditor (CISA) © 2006 Veda Praxis Control Advisory Page 3 The need for control and audit of computers • Organizational costs of data loss • Incorrect decision making • Computer abuse • Value of computer hardware, software and personnel • High cost of computer error • Privacy protection © 2006 Veda Praxis Control Advisory Page 4 2 Organizational costs of data loss • Tangible or intangible cost caused by data loss (disaster, virus, etc.) • long-run survival • Bankruptcy Nike lost $100 million dollars in February 2001 when they experienced data problems after implementing a new ordering system © 2006 Veda Praxis Control Advisory Page 5 Incorrect decision making • Data accuracy versus management level • Impact: • Unnecessary investigation • Undetected error A UK bank discovered it lost approx £90 million due to data errors in a computer model used to evaluate investment positions © 2006 Veda Praxis Control Advisory Page 6 3 Computer abuse Threats to business include the following: • Financial loss – loss of electronic funds, • Legal repercussions – lawsuit from investor, • Loss of credibility...
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...5 Insights for executives Predictive analytics The C-suite’s shortcut to the business of tomorrow Of special interest to Chief executive officer Chief financial officer Chief marketing or sales officer Chief information officer In the era of big data, companies across a range of industries are recognizing the need for better intelligence and insight about their business. They want to work out how to make the best decisions, drawing on the right information, at the right time. • Finding and accelerating growth opportunities — drawing on internal and external data to help model and predict business outcomes, identify the most profitable opportunities and differentiate the business from its rivals. One organization that has been pioneering in its use of predictive analytics has been the United States Postal Service. Using an analytical approach, it predicted which workers’ compensation claims and payments were unwarranted — and saved some US$9.5 million during 2012 alone. This is not an isolated example: many leading organizations have started to regard their information as a corporate asset. • Improving business performance — enabling agile planning, more accurate forecasting, better budgeting and trusted decision-making support. Business benefit can be gained by creating systems that can convert information into actionable insights, all within the context of key business priorities. Some of these include: 2 | 5 Insights for executives ...
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...risen again for the Big Four. My individual paper aim is to present the facts and people’s concerns about the non-audit services’ effects on auditor’s independence. Definitions of Non-audit service and Independence Non–audit services generally refer to the services above and beyond the related audit services or services other than traditional CPA work. Scholars in their studies use different terms for some relevant issues, namely, “Management Advisory Service“(MAS) and “Management Consulting Service” (MCS). While there is no particular restriction for the scope or classification of non-audit service, diverse classification methods have been employed by the researchers (Schemer and Kiger, 1982; Pany and Rechkers, 1983). Purcell and Lifison (2003) defined non-audit services as traditional CPA works (including assurance, investment assurance, and commerce registration and accounting affairs, and so on), as well as, tax advisory service, management advisory service, finance and investment advisory service, and information technology advisory service. The fundamental concept of professional independence is an attitude of the mind based on integrity and an objective approach to work. He maintained that an auditor must at all times, perform his research objectively and impartially and free from influence by any consideration which might...
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...System Structures Overview - HCAHPS Kelley Fox, Jonathan Nyeh Denise Sherwood, and Sarah Strickler HCS/533 March 25, 2013 Marc Magill System Structures Overview - HCAHPS Health care reform is much discussed in political news debates in the United States because of the needs of improving the current state of health care. It is imperative that health care is analyzed with the various types of information gathered to improve the current state of health care delivery. As such, the Centers for Medicare and Medicaid Services (CMS) will use the Hospital Consumer Assessment of Health care Providers and Systems (HCAHPS) survey. The CMS website (2013) states, the HCAHPS survey is “the first national, standardized, publicly reported survey of patients’ perspectives of hospital care.” This data set is important to CMS in meeting the Triple Aims goal set by the Department of Health and Human Services National Quality Strategy (DHHS-NQS) of providing better care and improved health at affordable cost while making decisions on how reimbursements will be redistributed to institutions meeting these goals. Our group chose this system structure because the analysis generated by the use of HCAHPS will greatly help change delivery of quality care in the next five to ten years. How the Structure Applies HCAHPS is rapidly becoming the national standard on assessing patient experience. The survey is randomized to adult patients admitted to medical, surgical, and maternity care service lines; the survey...
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...prevent influenza infections in hospitalized or possible death. Advisory Committee (ACIP) on immunization practices recommends that everyone receive Annual influenza vaccination 6 months of age. In addition, all health care personnel (HCP) of the US Department of Health and Human Services Immunization (HHS), the Centers for Disease Control and Prevention (CDC), Health care and other specific recommendations focus on the public health agencies and professional organizations....
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...system of internal control. Deficiencies in antifraud programs and controls are serious. Such weaknesses could constitute significant deficiencies or material weaknesses in internal control over financial reporting. This may require public reporting and possibly may result in adverse consequences. Conversely, U.S. Federal Organizational Sentencing Guidelines indicate that having proper ethics and compliance programs and effective internal controls in place can mitigate the ultimate punishment of an organization, should a company be found guilty of committing a fraud in violation of federal and state laws. In addition to the legislative and regulatory requirements for antifraud programs, there are sound business reasons to implement them. The impact from fraud can have drastic effects on an organization, from loss of stakeholder value to shareholder lawsuits to reputational risk. Fraud prevention and detection makes good business sense and may provide long-term cost savings to organizations. Management should consider the expectations associated with key business, regulatory compliance, and marketplace drivers when developing antifraud programs...
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...Institute of Internal Auditor (IIA) advisory and guidance as well as generally accepted good practice adopted for such exercises. The main purpose of the Risk Assessment Methodology is to enhance the objectivity and transparency and provide for a sound basis for the preparation of the Audit Needs Assessment (ANA) and Annual Audit Work Plan. The main definitions of risk and risk assessment to enable a better understanding of the Risk Assessment process undertaken by IAOD: Risk Assessment Definitions Risk It is an uncertain future event which could adversely affect the achievement of an organization’s objectives. Risk Likelihood It is the probability that a risk can occur. The factors that should be taken into account in the determination of likelihood are: the source of the threat, capability of the source, nature of the vulnerability and existence and effectiveness of current controls. Likelihood can be described as high, medium and low. · High: An event is expected to occur in most circumstances · Medium: An event will probably occur in many circumstances · Low: An event may occur at some time Risk Impact It is the potential effect that a risk could have on the organization if it arises. It is worth mentioning that not all threats will have the same impact as each system in the organization is worth differently. The magnitude of impact also can be categorized as high, medium and low. · High: Serious impact on operation, reputation, or funding...
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...This paper is a discussion of the possible ethical dilemmas that may arise in abortion. The author provided a well develop information about abortions and gives some key points on abortion. The British Pregnancy Advisory Service is primarily a provider of abortion services. The issue of abortion is the most controversial issue. Ethical issues in abortion involve a constant battle between freedom and life. Abortion has become legal as part of British life. Ethnics of Abortion Joan Greenwood begins his article providing information ethical abortion issue. The researcher mentions that “The British Pregnancy Advisory Service is primarily a provider of abortion services”. There are a range of moral and ethical issues which may arise about unplanned...
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...CONTENT No.2 Title Page 13fewfqefqefqewf Introduction 1fqefqwefqeqef 2eqfewfwefefqefqefeq Findings – Tax Advisors 2wfqwefqewfqwefqefqw 3efqwefqewfwqefqwefqwef Findings – Individual 7efqwefwefwefwefweqfqwefq 4wefqwefqwefqwefqefq References 18wefqewfqewfqwefqwefqwefqwe fqwefqewfq 5wefqwefqwefqwefqwefqwefqwef Appendix 19qwefqwefqefqefqwefefwefweqfwefwqefwef 1. INTRODUCTION The Goods and Services Tax (GST) can be defined as a value-added tax that is levied on most goods and services sold for domestic consumption. The tax is implemented to provide revenue for the federal government. In Malaysia, the GST was scheduled to be implemented during the third quarter of 2011 but the implementation was delayed until the 1 st of April 2015. The Goods and Services Tax was tabled for the first time at the ‘Dewan Rakyat’ on 16 th of December 2009. Since there is a high number of criticism, it was delayed. On 25 th of October 2013, during the government’s reading of the National Budget 2014, the Malaysian Prime Minister, Dato’ Sri Najib Razak announced a GST tax of 6% will be implemented starting on the 1 st of April 2015 to replace the Sales and the Services tax. The implementation of the GST is a part of the government’s tax reform program to enhance the capability, effectiveness and transparency of tax administration and management. Since the government’s reading regarding GST in the National Budget 2014, there are a lot of...
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...Virtualization and Its Benefits Virtualization and Its Benefits AITP – Research and Strategy Advisory Group Christine, Leja, CCP, Chair Richard C. Barnier Charles L. Brown, CCP Paul F. Dittmann Paul Koziel Mark Welle J.T. Westermeier, JD, CCP Abstract Virtualization provides many benefits – greater efficiency in CPU utilization, greener IT with less power consumption, better management through central environment control, more availability, reduced project timelines by eliminating hardware procurement, improved disaster recovery capability, more central control of the desktop, and improved outsourcing services. With these benefits, it is no wonder that virtualization has had a meteoric rise to the 2008 Top 10 IT Projects! This white paper presents a brief look at virtualization, its benefits and weaknesses, and today’s “best practices” regarding virtualization. The Association of Information Technology Professionals (AITP) recommends these “best practices” to obtain the benefits that virtualization offers. Copyright 2008, Association of Information Technology Professionals. Permission to copy for personal non-commercial use granted. When the paper is referenced or quoted, direct the reader to www.aitp.org. Special thanks to the following editor: Mike Hinton, Southwestern Illinois College AITP Research and Strategy Advisory Group October 14, 2008 Page 1 of 40 Virtualization and Its Benefits Executive Summary Virtualization has quickly evolved from concept...
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...ICMR Case Collection C op y ICFAI Center for Management Research ot Governance Issues at the New York Stock Exchange N BECG 035 D o This case was written by K. Subhadra, under the direction of Sanjib Dutta, ICFAI Center for Management Research (ICMR). It was compiled from published sources, and is intended to be used as a basis for class discussion rather than to illustrate either effective or in effective handling of a management situation. 2004 ICFAI Center for Management Research. All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, used in a spreadsheet, or transmitted in any form or by any means electronic or mechanical, without permission. For enquiries regarding bulk purchases and reprint permissions, please call 91-40-23430462/63 or write to ICFAI Center for Management Research, 49, Nagarjuna Hills, Panjagutta, Hyderabad 500082, India or email icmr@icfai.org. Copies of this case can also be purchased online from the ICMR website, www.icmrindia.org. BECG/035 GOVERNANCE ISSUES AT THE NEW YORK STOCK EXCHANGE “The New York Stock Exchange is long overdue for a very serious and thorough examination and overhaul of its governance. The very fact that they nominate their own board without any input from anyone else should not be tolerated.” - Nell Minow, Editor, Corporate-Governance Research Firm - The Corporate Library in August 2003.1 op y “Today, we take an important...
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...underground nuclear offense weapons as well as a hundred more secret releases of radiation into the environment. The tested people: Orphanages provided children food containing radioactive material, hospital patients received plutonium injections during routine stays, and deceased bodies previously exposed to radiation were exhumed without familial consent for examination. The most affected area: Residents of Nevada, Utah, Colorado, and New Mexico were affected most, living in environments containing radioactive contaminated food and water sources. The investigation effort: On January 15, 1994, President Clinton appointed the Advisory Committee on Human Radiation Experiments. The President created the Committee to investigate reports of possibly unethical experiments funded by the government decades ago. Member of committee: The members of the Advisory Committee were 14 private citizens from around the country: a representative of the general public and 13 experts in bioethics, radiation oncology and biology, nuclear medicine, epidemiology and biostatistics, public health, history of science and medicine, and law. The finding: The majority of human radiation experiments identified by...
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...0-Day Patch Exposing Vendors (In)security Performance Stefan Frei, Bernhard Tellenbach, and Bernhard Plattner Computer Engineering and Networks Laboratory (TIK) Swiss Federal Institute of Technology, ETH Zurich {stefan.frei, tellenbach, plattner}@tik.ee.ethz.ch http://www.techzoom.net/risk/ Abstract. We measure and compare the performance of the vulnerability handling and patch development process of Microsoft and Apple to better understand the security ecosystem. We introduce the 0-day patch rate as a new metric; being the number of patches a vendor is able to release at the day of the public disclosure of a new vulnerability. Using this measure we can directly compare the security performance of Microsoft and Apple over the last 6 years. We find global and vendor specific trends and measure the effectiveness of the patch development process of two major software vendors over a long period. For both vendors we find that major software development projects (such as a new OS release or Service Pack) consumes resources at the cost of patch development. Our data does not support the common belief that software from Apple is inherently more secure than software from Microsoft. While the average number of unpatched vulnerabilities has stabilized for Microsoft, Apple has bypassed Microsoft and shows an increasing trend. We provided an insight into the vulnerability lifecycle and trends in the insecurity scene based on empirical data and analysis. To properly plan, assess, and justify...
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...Their main goal is to provide aviation support to operational and intelligence components within the DEA. They also assist other law enforcement agencies by detecting, locating, identifying and assessing illicit narcotics related White 3 trafficking activities. Aviation support is critical to DEA’s strategic goal of disrupting and dismantling drug trafficking organizations that have a significant impact on America’s illegal drug access. The aviation program began with one single aircraft in 1971 as part of DEA’s predecessor, the Bureau of Narcotics and Dangerous Drugs. By the time the DEA was created, the division had grown to 24 aircraft and 41 special agents and pilots. Today, the aviation division supports DEA’s enforcement efforts through surveillance, photography, movement of personnel and cargo as well as transportation of fugitives and...
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...Asian Institute of Computer Studies Commonwealth Project in ENGLISH 3 Script of a Business Meeting Mark John Kenneth C. Gavin AE3DA Mr. Alex Cabales English 3 CABOT MICROELECTRONICS CORPORATION ANNUAL MEETING OF STOCKHOLDERS TUESDAY, MARCH 4, 2014 8:00 A.M. THE CHAIRMAN OF THE MEETING – Eren Jeager THE SECRETARY – Mikasa Ackerman JEAGER: Good morning, I’m Eren Jeager, Chairman of the Board, President and Chief Executive Officer of Cabot Microelectronics Corporation, and I’m pleased to welcome you to our Annual Meeting of Stockholders. The script of our Annual Meeting will be available following the meeting through our website at www.cabotcmp.com. I would like to remind all of you that our conversation today may include statements that constitute forward looking statements. Such statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially from these forward looking statements, and we assume no obligation to update them. Mikasa Ackerman, the General Counsel and Secretary of our Company, will act as Secretary of the Meeting. First, I would like to emphasize our appreciation for our Board of Directors and the advice and guidance provided to our company. I would like to acknowledge the members of our Board of Directors, the following of whom are with us today in person: Bob Birgeneau, Jack Frazee, Larry Fuller, Rick Hill, Barb Klein, Ted Mooney, Steve Wilkinson, and Bailing...
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