February 2009 pp. 63–76 Assessing Information Technology General Control Risk: An Instructional Case Carolyn Strand Norman‚ Mark D. Payne‚ and Valaria P. Vendrzyk ABSTRACT: Information Technology General Controls (ITGCs)‚ a fundamental category of internal controls‚ provide an overall foundation for reliance on any information produced by a system. Since the relation between ITGCs and the information produced by an organization’s various application programs is indirect‚ understanding how ITGCs interact
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fraud. Fraud Prevention Management is aware of the increased requirements for a public company to maintain a system of internal control to help prevent and detect fraud. The CEO‚ Mary Moore‚ is also interested in using a proactive posture toward building an antifraud prevention program‚ including exploring using a proactive auditing approach to fraud discovery. The internal auditor and the external fraud investigator as well as accounting and consulting firms have discussed proactive approaches
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of 80% - 90% when it comes to the implementation of the strategy; this has been reported by various sources (Chris Zook‚ 2010). The Chartered Institute of Internal Auditors (2012) states that for interior review to stay important‚ it ought to adjust to changing desires and keep up arrangement with the association’s targets. The internal audit methodology is crucial to staying applicable - assuming a vital part in attaining the harmony in the middle of expense and quality‚ while making genuine commitments
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Iraq [Abstract] The study aimed at identifying the importance of the internal control and its adaptation with the development of the use of information technology and its effect on the reliability of financial statements of commercial banks. The population of the study consisted of all commercial banks. Questionnaires were distributed among them; the researcher designed the questionnaire to target financial managers‚ internal auditors‚ and computer section employees who worked at these banks;
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AUDITING 4 INTERNAL CONTROL In business control is required for optimum utilizatiion of resources and for maximising the profits.business operations are carried on with the help of human agents and equipments.both require supervision to ensure that tasks assigned to them are carried out properly to avoid wastes and losses. Internal control required for small business is not identical with that required for a large business in the sense that in case of the former‚the entire control
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CORPORATE GOVERNANCE & RISK MANAGEMENT July 2012 Agenda 1 What is Corporate Governance? 2 What is Risk Management? 3 How do they intersect ? 4 Why is Risk Governance important - What is consequence of failure? 5 What to do (how do we respond?) 5 Discussion 2 1 WHAT IS CORPORATE GOVERNANCE? Corporate Governance • What is Corporate Governance? • There are many definitions. The CBN Code of Corporate Governance defines it as follows: • Corporate governance refers to the processes and
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Information Systems Audit Term: Fall 2013 COURSE: AP/ADMS 4552 3.0 Sections A and B Information Systems Audit Schedule First day of class: Section A: Wednesday‚ September 11‚ 2013 11:30 AM – 2:30 PM‚ Location: HNE 030 Section B: Thursday‚ September 12‚ 2013 7:00 PM – 10:00 PM‚ Location: HNE 032 REQUIRED COURSE TEXT/READINGS: • Hall‚ James A.‚ (2011)‚ Information Technology Auditing‚ 3e‚ Mason: South-Western Cengage Learning (Referred to as “IT Audit Text” in the Readings
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states‚ the study employs chi-square technique to test the dependence of the types of fraud and the areas covered on the public sector organisation in which they are committed. The study establishes the dependence and calls for systematic review of audit approach among others‚ to give special attention to fraud dimensions and areas‚ drawing largely from behavioral‚ equity‚ sociological and ethical principles. 1.1 Introduction Public demands and expectations at the grassroots
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| | |Financial Statement Fraud | |Navistar International Corporation | |
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Starbucks one of the most ethical companies in the world? Starbucks has developed the Standard of Business Conduct guide for their financial environment‚ as well as the behavior of their employees. Starbucks uses strict regulations and a variety of audits to ensure their accountability. Starbucks financial performance over the past few years proves an ethically responsible company can be extremely profitable. Starbucks has built a reputation as an ethically responsible organization in full compliance
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