COMMON VULNERABILITIES IN CRITICAL INFRASTRUCTURE CONTROL SYSTEMS Jason Stamp, John Dillinger, and William Young Networked Systems Survivability and Assurance Department Jennifer DePoy Information Operations Red Team & Assessments Department Sandia National Laboratories Albuquerque, NM 87185-0785 22 May 2003 (2nd edition, revised 11 November 2003) Copyright © 2003, Sandia Corporation. All rights reserved. Permission is granted to display, copy, publish, and distribute this document
Words: 4326 - Pages: 18
Legality and Ethicality of Corporate Governance Nicolle Pack ETH376 / University of Pheonix Abstract The publicly traded company, United Thermostatic Controls, is currently in the middle of an internal audit. The different divisions of the company are regionalized according to their area. The southern division has had struggled with decreasing sales and is having a hard time reaching the target set for their sales. The company pushes the different divisions to be aggressive with increasing revenue
Words: 981 - Pages: 4
Internal Controls Essay Carole Crews Accounting 1010 section 6 Let’s first talk about what “internal control” means. It is a process that helps to protect the assets of a company whether that asset be money, equipment, or merchandise. What are the objectives of internal controls? • Safeguard assets (accounting) such as cash or merchandise from loss or theft • Compliance (administrative) of laws and regulations • Accomplishment of goals (internal) of sales, profits • Reliability
Words: 1287 - Pages: 6
on broader roles and responsibilities. The establishment of an Audit Committee affords the opportunity to set aside time to focus on governance, risk and control issues. The key responsibilities of an Audit Committee include: overseeing the risk management framework and processes; reviewing compliance related matters and internal controls; overseeing the relationship, appointment and work of the external and internal auditors; and reviewing the annual financial statements and recommending
Words: 801 - Pages: 4
to provide guidance to auditors on what should be communicated to management and those in charge of governance within an organization. The SAS 115 requires the auditor to make communications, in writing, to management regarding imperative deficiencies and material weakness in internal controls that are noted in audit reports. It clarifies standards and provides guidance on communicating matters related to an entity’s internal control over financial reporting identified in an audit of financial statements
Words: 476 - Pages: 2
HEALTHY BODY WELLNESS CENTER, OFFICE OF GRANTS GIVEAWAY HEALTHY BODY WELLNESS CENTER OFFICE OF GRANTS GIVEAWAY SMALL HOSPITAL GRANTS TRACKING SYSTEM INITIAL RISK ASSESSMENT PREPARED BY: WE TEST EVERYTHING LLC Jerry L. Davis, CISSP, Sr. Analyst EXECUTIVE SUMMARY .......................................................................................................... 4 1. INTRODUCTION.............................................................................................................
Words: 10420 - Pages: 42
plays a vital role in continuous auditing activities. As an automatic method, continuous auditing’s responsibility is to perform auditing activities more frequently which including control and risk assessments. With the aim of helping to automate the identification of anomalies or exceptions, analyze models, test controls and review trends, “Continuous” in this aspect of continuous reporting and auditing serves as the financial information’s real-time ability to be shared and checked. Continuous auditing
Words: 758 - Pages: 4
investment transactions proposed by the Corporation’s management. Consistent with this function, the Committee endeavors to encourage continuous improvement of, and foster adherence to, the Corporation’s policies, procedures and practices at all levels. The Committee’s primary duties and responsibilities are to: • • • • • • Serve as an independent and objective party to monitor the Corporation’s financial reporting process and internal control system. Review and appraise the audit efforts of the Corporation’s
Words: 2675 - Pages: 11
their misdeeds from the company’s independent auditors. Accomplishing that objective was made easier by the fact that between 2001 and 2005 the company had four different accounting firms serve as its independent auditors. Frequent clashes between management and the company’s
Words: 4639 - Pages: 19
Chapter 2: The Risk of Fraud and Mechanisms to Address Fraud: Regulation, Corporate Governance, and Audit Quality 1. The auditor is not responsible for the presentation of financial statements; therefore, the auditor has no responsibility for fraud in the financial statements. FALSE 2. An example of fraudulent financial reporting is the CFO intentionally overstating sales to boost profits. TRUE 3. The auditor is responsible for actively considering fraud risks in order to
Words: 6460 - Pages: 26
