Types of Information Security Controls Harold F. Tipton Security is generally defined as the freedom from danger or as the condition of safety. Computer security‚ specifically‚ is the protection of data in a system against unauthorized disclosure‚ modification‚ or destruction and protection of the computer system itself against unauthorized use‚ modification‚ or denial of service. Because certain computer security controls inhibit productivity‚ security is typically a compromise toward which security
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cost-effective internal controls that charitable organizations could implement to reduce exposure to theft losses. I am confused by the shear disregard for internal controls at many charitable organizations as described in the United Way case. Cost minimization is a factor for nonprofits‚ but losing millions of dollars to fraud seems foolish when they could have just spent a fraction of that to put proper internal controls into place. Outlined below are several fundamental internal controls that are also
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This existing policy of course is the second amendment. She explains how she highly agrees with the amendment but that people are seeing the amendment in the wrong way. The second amendment states “A well-regulated militia being necessary to the security of a free state‚ the right of the people to keep and bear arms shall not be infringed” The author also has no facts to be proven‚ her argument is mostly surrounded by opinion and belief. The only facts she really has are the most obvious to everyone:
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Case Study 2 – Internal Control 1. Inform the President of any new internal control requirements if the company decides to go public. As per the accident that happened in the company about some employees was viewing pornography on company computer and he had a hard time to get his employees admitted that they were the one who doing it. He should use limit access by individual passwords for each person to log in the computer systems. To make sure that which person was log on in the computer and
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Case Study 2 – Internal Control The following are the internal control requirements a company who wants to go public needs to be put into place. INTERNAL CONTROL REQUIREMENTS Management’s Assessment Section 404(a) of the Act and the related rules adopted by the SEC require management to assess the effectiveness of the company’s internal control over financial reporting as of the end of the company’s most recent fiscal year‚ and to state in the company’s annual report whether the company’s internal
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Port State Control (PSC) is the right and‚ in an increasing number of countries‚ the legal obligation of the authorities of the port State to board a foreign ship and verify its compliance with international rules and regulations. PSC is the means by which a nation exercises authority over foreign merchant vessels that are within waters subject to its jurisdiction. PSC aims to verify whether foreign flagged vessels comply with the applicable international conventions on safety‚ pollution prevention
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Case Study Two Name Accounting and Finance 02Feb2011 Dear President of LJB Company‚ (1) If the LJB Company should decide to become a publicly traded company‚ a few internal controls should be implemented to comply with the Sarbanes-Oxley Act (SOX). * Management will need to provide periodic quarterly reports to evaluate the effectiveness and reliability of LJB’s internal controls over financial reporting procedures. * Management should certify the accuracy and fairness of presentation
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Case Management Control – Rabobank Nederland Roger Barr’s performance as it is related to the North Texas Cotton Cooperative (NTCC). Roger Barr is part of the New York credit Committee as an account officer. His main tasks are to review all loan proposals and make decisions and recommendations on proposals up to $1 million. Up to $5 million he needs approval of the New York credit Committee. Loans over $5 million also need approval of the credit Committee of Rabobank Nederland‚ based in Utrecht
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Committee of Sponsoring Organizations (COSO) Internal Control Framework’s Components of Internal Control Requirements 1. There was a lack of proper authorization in the budget process. The superintendent Spigot committed several projects that were not on the budget. For example‚ rent expenses were not budgeted in that fiscal year‚ which caused the budget to overrun and increase expenditures for custodial services. Also‚ the unbudgeted projects ran by the superintendent were not approved by the
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1. Why has the United States brewing industry become more concentrated over the last two decades? Over the last two decades‚ the beer industry in United States has changed as following reasons; - The consumption of beer in the United States has been continuously declining due to the growing consumption of substitute products‚ particularly wine and spirits. In order to keep the business in the market‚ each company needs to take away some market share from their rivals. As a result‚ the small business
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