Case Study : Area Risk Assessment

Sofitec Computers (“Sofitec” or the “Company”) has engaged our firm to perform an audit of their financial statements for the year ending December 31, 2008. Our audit approach requires that we perform a risk based audit in which the amount of substantive testing (“work”) we perform is contingent on how effective the Company’s internal controls are, the risk of the environment the company is operating in, and the amount of risk the firm is willing to accept for issuing an improper audit opinion (i.e., Audit Risk Formula: Audit Risk = Control Risk x Inherent Risk x Detection Risk).

Worksheets, such as the Missouri and Washington Risk Assessments are valuable tools used by criminal justice practitioners. Moreover, Risk Assessment scales are used in both formal and informal capacities, to determine the potential risk or harm an individual poses to society should he or she be released from detention or custody. The following is an example of how the Missouri and Washington Risk Assessment worksheets can be utilized when applied in two completely different cases; it is important to remember that the primary purpose of both Risk Assessment Scales are to identify specific classifications of juvenile offenders. Offenders are classified on a scale of being low, moderate, or at high-risk behavior and each assessment places

Xander L. is a 17-year-old African American male and documented gang member. His prior juvenile adjudications include purse snatching, breaking and entering, and drug possession. His first juvenile adjudication occurred when he was 13 years old. He has served a year of custody in the juvenile correctional facility and has been placed on probation twice

• The Plan is to correct the vulnerabilities identified during the assessment and focusing on ensuring compliance with the Safeguard and Privacy rules in the GLBA, which requires financial institutions to establish a security program The plan will protect the consumers’ information that is stored locally and update the client, network infrastructure. The PDCA methodology was used to ensure that the problems identified, were corrected, monitored and improved.

Group activities included learning the levels of recovery and relapse, completing the Grief and Loss handout, and discussing steps and skills to use to handle the high-risk situation to prevent relapse. Mr. Fulson moderately participated in the group activities. Reported his cousins were in town for the weekend, which was a high risk situation for him as his cousins are drinking alcohol. He stated that using of forecasting skills to think through the situation before joining them for BBQ. Stated “I asked my mom to help me. I was able to have fun with my cousins without engaging in drinking activity”. PO appeared to be calm and fully communicative throughout the group process.

required to prevent any accidents, they are reviewed by each member of staff and then once

To review the ITGC will help the audit committee to determine the risk assessment of the internal controls in the company’s information system. The ITGC mainly classified by five areas, such as

During the performance of this integrated audit, require numerous judgments about the internal control and overall financial reporting and how well it addresses risks of material misstatements within the financial statements (AICPA, 2014). After re-evaluating the previous errors found from the previous audit, the audit team found the corrective actions to be appropriate and justified in elimination of human error by implementing additional checks and balances within the manual process. No additional misstatements have been found and all internal controls off the financial reporting seem appropriate and just.

There is strengths and weaknesses; threats and vulnerabilities of every organization’s security system. These issues tend to be those of the same at national and global levels; crime and criminology tend to have an impact on it.

The use of pesticides is an important decision that thousands of communities face each year. Nobody likes dealing with mosquitos and the diseases they bring so using chemicals and pesticides is an option but with other consequences. Mosquitos carry West Nile Virus that affects the city of Genericville every year with 50 cases projected this year in the city and two fatalities as well. On the other hand, the chemicals proposed for controlling the mosquito population has its own risks. The pesticide Malathion is also dangerous to people if they come in contact with it before it degrades. The potential for citizens of the city being exposed is almost a certainty

Within in my own setting one of my roles is to promote individuals’ independence but in the same time we have to protect them from harm and danger. Everybody takes risks in everyday living therefore people living in care homes should be able to that, too. When we look after our residents, we make sure that they are aware of any risks involved, e.g. before they go out. Risk assessment is completed. Risk assessment covers many areas like showering themselves, going out on their own. We do them with our residents to identify what they want, what risks it involves, and how they can be avoided or minimized.

Whilst on placement with the Aberdeenshire Council Children and Families Team I adhered to the lone working policy to ensure my safety when out of the office working with clients. To minimise risks, in line with this policy I have my mobile phone with me at all times and ensure I write my day to day diary on the office board with names, times and addresses of where I will be going, and notify staff of my where-a-bouts (Aberdeenshire Council 2014).

For example, FFC relies on bar code scanners and credit/debit card readers. To maintain its competitive edge in its market area, FFC recently implemented a fingerprint bio-coding payment system in all of its stores. This new systems implementation required that FFC change several of its general-ledger application programs; in particular, those related to its cash receipts processing. FFC does not use any outside service organizations to provide its IT services. Sophie Ewing, the audit senior who heads up your team, decided that because of FFC’s complex and sophisticated IT processing, an IT General Control (ITGC) review is mandatory to meet SAS 109’s risk assessment procedures and SOX Section 404 Management Assessment of Internal Controls requirements. You know that an ITGC review is very important because ITGCs provide the foundation for reliance on any financial information FCC’s systems produce. Your evaluation will affect the financial auditor in assessing the risk of material misstatement in FFC’s financials, and consequently, the audit plan. At your first team meeting, Sophie announced that your firm’s network security specialists would review the technical issues related to FFC’s internal controls. They will evaluate FFC’s operating systems, its telecommunications software, and its network configuration and firewalls. In preparation for the meeting, Sophie encouraged you to review the key provisions included in SAS 109, SOX Section 404,

The purpose of a risk assessment plan, and especially this one in particular, is to analyze the threats or dangers to the Defense Logistics Information Service, which is the largest logistics combat support agency for the Department of Defense. A proper risk assessment plan is vital to protect both the information we store for the military, as well as the troops and civilians that would be in danger should this data be compromised.

Nearly every community has some sort of community risk, threat, and assessment plan that takes into account one of the six potential risks that are of concern to homeland security. Though each of these plans will likely differ from one another, many communities will have the same types of information in their plans. This essay will look at the Threat and Hazard Identification and Risk Assessment Guide (THIRA), the Community Risk Reduction Planning Guide, as well as FEMA’s National Preparedness plan. Any combination of these guides are a good starting point for every community in America. At top of every communities list as well as the nation is the protection of the critical infrastructure. Loss of infrastructure regardless of how big or small the community is could have very crippling effects on that community.