Audit Procedures For The Corporation Essay

To insure that I do not use confidential information relating to company A to the advantage of the company B, I should determine what could the confidential information of company A be. Try not to use that information to the advantages of the services that I am providing for other clients, not just only for company B.

 To ensure that all concerns / complaints are dealt with in accordance with the

3. (TCO 5) Internal Control Procedures are required to safeguard company assets and to ensure ethical operation

1.2 + 1.3: We have regulations and guidelines with policies and procedures to follow to protect the client for example hear are just a view ways in which we must do this:

To ensure that all concerns / complaints are dealt with in accordance with the procedures.

establishes customer's legal and statutory rights; establishes organisation’s legal and statutory responsibilities; products and/or services must meet regulations and legislation; staff need to follow clear procedures in order to remain compliant; organisations must have clear procedures in place and staff should be trained in these

To check that all workers they employ or appoint have the skills, knowledge, training and experience to carry out the work, or are in the process of obtaining them

One of the first sections of the manual discusses its purpose. It discusses who will manage access and who will deal with the most common aspects of security. In the purpose section it is made clear that the policies will be amended through an ongoing process. The Purpose section outlines the boundaries for acceptable behavior and guidelines for best practices in certain work situations. It offers clear instructions to employees as to how they are expected to act. They outline the importance of including policies that address legal and ethical safety. In the purpose section they also outline who will manage the IT resources to protect from threats.

Strict policy and low tolerance. Security vigilance. Random hourly patrols by the proposed security company. See Figure B.

To train COR’s on the importance of being alert to possible red flags regarding the contracts they oversee. Additionally, arming COR’s with the proper external resources for reporting any potential acts of fraud and preventing CTIP practices.

 To ensure that all concerns / complaints are dealt with in accordance with the

3. The accounting student who is evaluating the reliability of Basic Requirements’ infor- mation system is interested in becoming an IT auditor. Describe some of the specific actions an IT auditor would take to verify that Kara and Scott have adequate controls in place concerning privacy.

The internal audit activity “helps an organization accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control and governance

Before my team assessed the efficacy of an insider threat program, we lacked several essential aspects crucial for mitigating, detecting, and preventing insider threats. Our former insider threat program lacked a lot of essential things and thus, made Goliath National Bank vulnerable to insider threats that could have potentially harmed its assets and intellectual property like trade secrets, strategic plans, and other confidential information. In order to protect the organization, Avatar should have placed more emphasis upon behavioral indicators instead of directing most of their effort and attention on technical indicators. If Goliath National Bank had noticed the red flags and realized that the insider threat was a disgruntled employee, he wouldn’t have been able to create and inflict so much damage through espionage. Thus, it is crucial for organizations to monitor their employee’s network on their personal or work device. In addition, our insider threat program lacked two of the five NIST framework core functions (i.e. identify, protect, detect, respond, and recover), which are important for risk management. Our insider threat program failed to address the respond and recover function. Since all the functions are interdependent upon one another and are necessary for proper, prompt, and efficient risk management, without any one of them, a lot of damage can result. The response function is essential because it has to do with the actions needed to be taken after a cyber security threat is detected. An organization has to know prior what specific action they want to take, whether it plans to gather data for law enforcement or take legal action to prevent the situation from escalating. The decision is crucial because it impacts the direction the organization takes. The recover function is crucial because it serves to decrease the impact and restore

In order to effectively implement security governance, the Corporate Governance Task Force (CGTF) recommends that organizations follow an established framework, such as the IDEAL framework from the Carnegie Mellon University Software Engineering Institute. This framework, which is described in the document “Information Security Governance: Call to Action,” defines the responsibilities of (1) the board of directors or trustees, (2) the senior organizational executive (i.e., CEO), (3) executive team members, (4) senior managers, and (5) all employees and users. This important document can be found at the Information Systems Audit and Control Association (ISACA) Web site at www.isaca.org/ContentManagement/ContentDisplay.cfm?ContentID=34997.