Question 1: What is information security? Answer: Information Security is the practice of defending (guiding) information by considering the CIA Triad Principles which are Confidentiality (Authorize access), Integrity (Accuracy and Completeness) and Availability. Question 2: How is the CNSS model of information security organized? Answer: The Committee on National Security System (CNSS) is organize by considering the secure system attributes known as CIA triangle which extend the relationship among
QUESTION (2) (a) – What do you understand by internal control? (5 marks) Control is one of the basic functions of management. I understand internal control therefore to be the continuous process of ensuring an organisation’s objectives are achieved efficiently and effectively. I believe that internal control is a set of procedures and processes which the management of a company – the Board of Directors and management as a whole – are responsible for in order to prevent or deter and detect fraud;
Abstract Past research suggests personality variables may affect a person’s style of financial management. Specifically, the purpose of this study was to investigate possible correlations between self-esteem and risk-taking behaviors with financial management. We created a survey measuring these variables, in addition to asking some demographic questions, and had anonymous participants from a Research Methods class take it online. After conducting the survey with the 27 participants, we were
4. Identify and provide the resources to introduce and sustain participation. WHS Policy Guide How to respond will be auctioned. • Communicating with the workplace, the importance of providing an efficient mechanism for managing risk, compliance risk in the workplace. - Discussing Web issues. - To listen to the concerns and skills. - To my mind, your role. - Find information and share views. - Triggered ใa appropriate. - Consider what is to be decided. - Attend scheduled. • The application process
Question 1. Assessing the Fraud Risk Factors: High Risk factors and Low Risk Factors. High Risk Factors: 1. Management’s attitude towards overriding controls: Section 5, under topic Integrity and ethical values, of the questionnaire suggests that override could occur without management’s approval, manager’s override is not explicitly prohibited and no interventions by the management were observed. 2. The Degree of oversight related to the company’s control structure exercised by the management:
derived theories to explain and measure the risk management and regulation challenges faced by businesses in their operations. According to Cox (2007), businesses are affected by diverse risks both in their internal and external environment. Among them include financial and marketing risks, violence crises, and natural disasters. Due to uncertainty of the consequences, several authors have described risk management as the counter measure to reduce impact. Risk is defined as events whose unfavorable consequences
Organizations need to know which controls matter the most – and know where to implement controls in their expanding borderless enterprise. However, every control everywhere is not financially sustainable. A risk-based perspective enables an efficient and effective GRC program by leveraging threat-based assessments based on attack scenarios. This approach builds a risk register that is populated with most likely attack scenarios. Following the enactment of Sarbanes-Oxley in 2002, many U.S. companies
Ch. 8: Comprehensive Questions: Analytical procedures ( 8-15 and 8-16) Ch. 10: Comprehensive Questions: Components of internal control (10-31 and 10-32) Ch. 11: Comprehensive Questions: Assessing control risk (11-21) 8-15 | (Analytical procedures) In audit planning the audit of Construction Industry Resources, Inc., a building supply company. You have completed analytic procedures relevant to purchases and inventory. The results of these procedures are included in Figure 8
Case Study | Quantum Telecom Questions 1. How do we eliminate politics from gate review meetings? Gate review meetings are a form of project close. Gate review meeting could result in the closure of a life-cycle or the closure of the entire project. At each gate, the continuation of the process is decided by the project manager or a steering committee. The decision is based on the information available at the time, including the business case, risk analysis, and availability of necessary resources
Date: 4th October, 2016 Risk Management; DNSC-6254 Risk Management “Case Study # 2 - ERM” Prepared by: The A Team Aurelia Lianda Rafael Aita Nathan Peppler Osamah Alturki Moyaid Aseel Table of Contents Page 1. Question # 1.1 3 a) Question # 1.1 – (1.1.1) 3 b) Question # 1.1 – (1.1.2) 3 c) Question # 1.1 – (1.1.3) 3 2. Question # 1.2 4 a) Question # 1.2 – (1.2.1) 4 b) Question # 1.2 – (1.2.2)