control is what a department does to see that the things they want to happen will happen and the evidences they don’t want to happen would not happen.( Manea Birză‚2012‚p.75)Second‚ the Committee of Sponsoring Organizations of the Treadway Commission (COSO)(2005) has claimed that internal control is process‚ effected by an entity’s board of directors‚ management and other personnel ‚designed to provide reasonable assurance regarding the achievement of objectives in the following thing: effectiveness
Premium Internal control
ACCT 404 Chapter 8 Controls for Information Security Timothy L. Baker‚ CPA‚ CITP‚ CMA Lecturer Certain materials used with permission of Pearson Education‚ Inc. publishing as Prentice Hall and ISACA Chapters 8 through 10 Security (Chapter 8) Access to system and its data is controlled and restricted to legitimate users. Confidentiality (Chapter 9) Sensitive organizational information (e.g.‚ marketing plans‚ trade secrets) is protected from unauthorized disclosure. Privacy (Chapter 9) Personal
Premium Computer security Access control Authentication
Revenue Recognition Fraud: Methods and Reason In today’s corporate arena‚ fraud has taken its seat among the top priorities of those who make policies and set standards. The majority of large-scale fraud is perpetrated by the improper recognition of company revenues and is‚ in practice‚ generally simple. Revenue recognition fraud can be carried out by keeping the books open past the end of the accounting period‚ recording consignment goods as sales‚ improper bill-and-hold transactions‚ failure
Premium Fraud Generally Accepted Accounting Principles Finance
organization to conduct its business in an orderly and efficient manner and also to detect errors‚fraud and theft. It is also a measure to ensure accuracy and completeness of its accounting data and ensure adherence to its policies and plans. Under COSO (the committee of sponsoring organizations of the treadway commission) also defines internal controls as a process‚ effected by an entitys board of directors‚ management‚ and other personnel‚ designed to provide reasonable assurance regarding the acheivement
Premium Internal control
physical environment can be shown in a number of ways. First‚ vagabonds‚ rogues and other criminals were transformed into become solid citizens. Second‚ the adaptation of farmers in the South and how they transformed their social and physical environment with the purchase of slaves. Finally‚ the religious boom of the Great Awakening and how it transformed many people social and physical environment. The criminals‚ rogues‚ and vagabonds that were all shipped across the Atlantic as indentured
Premium Social class Slavery Sociology
Introduction Kaplan and Mikes use the Deepwater Horizon oil rig explosion as a prime example of the shortcomings of traditional risk management. An over-reliance on rules based risk management can lead to a culture of comfort and over-confidence when it comes to risk. This rules based approach is also just not sufficient or appropriate for measuring and preparing for all types of risk. A different approach‚ encouraging debate and challenge is required. Explain the risk management framework outlined
Premium Risk management Risk management Operational risk
Definition of Value at Risk (VaR) Value at risk is a statistical technique which measures the level of financial risk in a portfolio over a specific time frame. For example‚ if a firm states that it has a 1% one week value at risk of $5 million; this would mean that for any given week‚ the firm would have a 1% chance of losing $5 million. In order words‚ 1 out of every 100 weeks‚ the firm would expect to have a loss of $5 million. This can be viewed as the standard deviation of portfolio value
Premium Risk Risk management Normal distribution
benefit such ‘rogue sites.’ The sites it targets are defined as being “dedicated to the theft of U.S. property.” The qualifications for such a site? * It must be directed toward the U.S.‚ and either * “engage in‚ enable‚ or facilitate” infringement; or * take or have taken steps to “avoid confirming a high probability” of infringement These defining attributes are for any portion of a site‚ even a single page containing infringing material can qualify a site as ‘rogue.’ SOPA then allows
Premium United States First Amendment to the United States Constitution Health care
1 BUSINESS ETHICS :: Introduction to Ethics • • • • • • Course format Overview of topics Mode of assessment Background to Ethics History of Business Ethics Role of Business Ethics Today Course Aims and Objectives The aim of this course is to give a basic understanding of the major theories of ethics - including deontology‚ utilitarianism and virtue theory - and their application in the relevant fields of business and information technology. One of the main course objectives is to encourage
Premium Ethics
Standards IS Audit Standards provide audit professionals a clear idea of the minimum level of acceptable performance essential to discharge their responsibilities effectively. Some of the standards by their year of birth are as follows: o 1994 COSO‚ CoCo o 1996 HIPAA‚ COBIT o 1998 BS 7799 Standard on Auditing (SA) – • • Link to eBook has been given in the Institute study material (ISCA) SA 315 – “Identifying and Assessing the Risk of Material Misstatement Through Understanding
Premium Information Technology Infrastructure Library Information security Capability Maturity Model