Auditing Information Systems

We are undergraduate students in the course IT 396-44 Management Information Systems at Monroe College. Professor Asteria Villegas is the instructor for

ModMeters is proposing a major shift in its operations to a new market in order to meet new customers demands. ModMeters is looking to shift its focus by taking their operations to Eastern Europe and Asia. Because of these areas not already having existing technology infrastructure put into place, ModMeters is going to have to depend heavily on their IT department to pave the way and aid in this expansion. The head executives at ModMeters met to have a meeting about their planning process and how to allocate their IT budget. Expanding into these new markets and building the new operations will take significant amounts of time to develop correctly. These projects are something that require large amounts of capital and will not often show positive signs of return immediately, which is something that troubles the Stan Abrams. This project is giving ModMeters the chance to get their IT planning process in order and make sure it can encompass enough to work with their entire business.

All this information comes from the data that was gathered and analyzed through research and staff surveys. Managers need to plan the resources required to make the change and establish feedback mechanisms to evaluate the progress and success of the change (Sullivan & Decker, 2009, p. 70).

Part 1: Recommend elements included in the design of audit trails and data quality monitoring programs

Audit trails are a set of guidelines that are developed for purposes of maintaining a record of all the activities of the system and the application that are done by the system users. Importantly, audit trails are highly used in the process of detecting any form of security violations in the system, performance issues, and any flaws in the applications. Some of the key elements of audit trails include original source documents, transaction history database, and safe storage capabilities. For purposes of making sure that the healthcare data is safe, there are a number of policies that have been developed to make audit trials more efficient and effective. In this, some of the policies that have been developed include the network access for third parties, records management and security-networked devices.

As a senior at Babson College concentrating in Business Analytics and heavily interested in data-driven decision-making, I am thrilled to apply to West Monroe’s Advanced Analytics Consultant positon. Last year, I had the opportunity to research, collect primary and secondary data, and make business decisions when I participated in Babson’s Management Consulting Field Experience. My team, comprised of five highly motivated Babson undergraduates and a graduate student project leader, was able to create a blueprint for a crowdsourcing platform that would help our client, Clarkston Consulting, with its innovation methodology. In the span of three months, our team identified a target market, determined product features, and designed the platform. Through this project, I strengthened my communication skills as I worked with my team, project leader, and also a high-profile client. Further, my passion research and data analytics was reinforced as I utilized the tools taught in my classes in the real-world project. Along with this experience as a consultant, I am

One of the main functions of any business is to be able to use data to leverage a strategic competitive advantage. The use of relational databases is a necessity for contemporary organizations; however, data warehousing has become a strategic priority due to the enormous amounts of data that must be analyzed along with the varying sources from which data comes. Company gathers data by using Web analytics and operational systems, we must design a solution overview that incorporates data warehousing. The executive team needs to be clear about what data warehousing can provide the company.

Information technology (IT) has become increasingly sophisticated and complex, escalating the ongoing change within Kudler Fine Foods. As IT information is adopted within the organization, automation controls many processes within the Kudler’s environment. As Kudler has become more virtualized, a need for increased trust and assurance in the relationships with consumers, partners and suppliers. The swell of e-commerce business has created new ways of conducting an audit. Statement on Auditing Standard 94 (SAS 94) requires that the auditor understands the technological aspect of the organization in order to grasp the internal controls and the assessment of control risks for a proper audit

Overstock is currently audited by the CPA Firm KPMG LLP and has been since 2009. According to the proxy statement pursuant to schedule 14A KPMG’s aggregate audit fees for 2012 and 2011 were $1,037,000 and $1,092,000 respectively; all of which were approved by the audit committee. The amounts of $40,000 in 2012 and 21,000 is 2011 were related to the audits for Overstocks 401k benefit plan. Additionally, $88,000 in 2012 and $96,000 in 2011 were related to tax services, and 221,000 in 2012 were related to a cloud-based consulting project.

The project included data mapping, developing a job code system that would meet the needs of most companies and the corporate office, converting and validating the data, running parallel payroll systems, setting-up payment services (checks, garnishments, direct deposit, benefit providers, etc.), and training employees how to access and use the system.

The system/application domain consists of mission-critical systems, applications, and data. Common targeted systems and applications are operating systems (desktop, server, and network), e-mail applications and servers, Enterprise Resource Planning (ERP) applications and systems, and web browsers.

There is an old adage which insists “time is money.” While simple, in concept, it has been proven true, in fact. In a global, technologically driven society, however, the very idea of time has changed. Having once implied a spanning space between the hours of “nine to five” relative to the person or organization from whose vantage money was viewed, time is now irrespective of person, organization, or location; it is, literally, “24/7.” With this shift in perception, organizations, especially, have taken on the greater challenge of ensuring efficiency in their operations, allowing their customers the

Understanding how goals of an organization and the roles of its stakeholders affect the selection process of an information system is vital to the success of that project. To ensure the execution of this task as well as its organization, efficiency, and accuracy, key leaders join creating a team of professionals ready for implementing change (Wager, Wickham Lee, & Glaser, 2009) . Learning how to select and acquire an information system, goals that should drive it and the roles of stakeholders is imperative to keep the project from failing.

Riordan industry tasks are accomplished because of the need to communicate between many different departments and employees. These departments

When engaged in auditing a public firm, such as Apollo Shoe Inc., an auditor must determine when to trust in the company’s internal controls and when to ascertain auxiliary testing methods are obligatory to analyze control risks. The sales and collection cycle is rather a substantial fraction of the audit because this unique segment employs a multitude of documentation and records ranging anywhere from customer and sales orders, shipping documents, credit memos, and general journal entries; therefore, a working