What Does The Controls Interact And How They Are Performing

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

In the “Mini Case Study: IT Planning at ModMeters”, it is clear that the communication skills between the business managers and the IT managers were in need of improvement. IT planning is a method used to form clear objectives for IT organizations that connect directly back to the enterprise’s strategic business goals (“IT planning”, 2014). IT strategic planning assists in directing the business strategy, based on IT capabilities and opportunities and determines IT’s role in delivering the business strategy. There is a clear lack of communication and individual opinions on taking ModMeters global. Although CEO John Johnson and other high leveled corporate employees believed the idea was promising and seemed to look good on paper, Brian Smith, CIO of ModMeters had different thoughts on the expansion. Brian Smith knew that although the new initiatives were theoretically doable; however with such tight resources including people, time, and money, he knew that finding the means to support two new strategic initiatives was nearly impossible (McKeen, J.D., & Smith, H.A., 2012, p. 69). There seemed to be a major lack of communication when planning the new initiatives and the miscalculation of funds to do it successfully.

IZL hired Jack Carlisle to restructure and reorganize its Information Technology (IT) department for its growing financial services organization. Our company is overwhelmed with internal turmoil which has seen the abrupt resignation of the company's Chief Executive Officer (CEO) Chuck Hansen. The newly appointed CEO, Jim Giles, the former newly hired Chief Operating Officer (COO), seems to playing office politics and is trying to develop his own inner circle. Jack Carlisle, who is a straight shooter must assess the changes needed, both strategic and tactical, in an environment

Developing an IT Strategy for Meadow Hills Hospital would likely revolve around bolstering the clinical side of IT. An IT Strategy would assist the organization in knowing how and where to invest the money stored in their reserves. This can also ensure that their IT goals are in line with their overall organization goals. As they are currently organized, IT reports up to the CFO. This is a formula to ensure that IT goals

The LLC board of directors requested a comprehensive report of requirements including an examination of major procedures. Requirements were acknowledged by conducting workshops and meetings with the most substantial platform users. In order to identify strategic areas for potential upgrading, flow charts were developed to explain the municipal ITC platform structure. Suppliers were asked to give precise instructions as to how these requirements would be met and responsiveness was a key consideration for the issuance of contracts. In addition to responsiveness, stability, longevity within the industry, technical capacity, track record, future business objectives and cost were also important considerations. Risk management concerns were key as well and strategic plans for managing risk were included as part of the whole strategic initiative. In addition to considering current risk management issues, proper consideration was given to being every vigilant with regard to future risk.

The scorecards reveal how IT operations are progressing. Based on the 2014 scores, no agency received an A grade while majority received Ds and Fs. The goal of FITARA is to provide a set of guidance to better manage IT systems. With scores on the lower ends, this raises the question on what the agencies will do to improve moving into the future. If agencies are scoring this low, a universal sharing system will offer collaboration and share solutions to issues one may have. Most of the agencies do not have an architecture in place that offers a goal tracking collaboration tool. A lack of this type of system is wasting time and resources. There is hope however that FITARA is raising awareness and the scorecard grades will improve. The grades are the overall performance, but the elements of each agency will deliver the transformation. Congress and the Office of Management and Budget are offering assistance, but limitations

McKeen, James D; Smith, Heather (2012). IT strategy: Issues and practices (2nd ed.). Boston: Prentice Hall. Kindle Edition.

Over the past few weeks our team has looked into a number of aspects of Kudler Fine Foods and made recommendations as necessary in hopes of updating and replacing existing components of the companies IT systems in hopes of making the company more productive and profitable. Last week out team focused on the importance of audits and at a number of different types of audits that should be conducted to future evaluate the company as a whole. From our research we found that the most appropriate audits to employ are the SAS 94 and the Attestation audits (in particular, the data analytic review) (Cornwall, Sullivan, & Chandler, 2012). These types of audit systems

When the CEO launches two new strategic initiatives requiring integration across all business units, the organization – whose IT decisions have been largely delegated to its business units in proportion to their revenue generating capacity – now faces the dilemma of how to prioritize its IT projects in order to support the new strategic “enterprise” vision.

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

• Meet regularly with other departments’ heads- Sales- HR-Accounting-Marketing-Customer Service-Institutional trading-R&A-Client Services to communicate IT strategies and projects. Gather feedback from other departments regarding current needs. Be sure that all departments are aware of an IT strategy and that all future projects and initiatives must fall within this strategy.

As stated by Sophie Ewing, the audit senior, the team reviewed the technical issues related to FFC’s internal controls and evaluated FFC’s operating systems, its telecommunications software, and its network configuration and firewall. The evaluation changes how the financial auditor assesses the risk of

The Volkswagen of America: Managing IT Priorities case study describes the efforts of the US subsidiary of Volkswagen AG (VWAG) – Volkswagen of America (VWoA) – to arrive at a new process for setting IT funding priorities and deciding on what projects to fund. Dr. Uwe Matulovic, the new Chief Information Officer (CIO) of VWoA, has a dilemma in that peers from the Executive Leadership Team (ELT) have been openly hostile and critical of the new prioritization process, particularly in regards to the lack of funding for high priorities for their areas of the company, and have pressurized him “to insert an unfunded project (or two) into the IT department’s work plans” (p. 1). Dr. Matulovic position is particularly challenging as more than 40 projects have been proposed for IT, with funding requirements totaling $240m, when a budget of only $60m has been approved by VWAG.

Application specific controls include data origin, data input, data processing and data output controls. These controls ensure accuracy, completeness, validation, tracking and proper reliable distribution of data is attained in an organizational environment. Other application controls are application access, audit trail and documentation controls; that ensure controlled segregated access to

Most firms try their best to protect the data entry process in their companies. As a result, the current computing platforms come with a variety of applications. Some applications come with forms, which expect a user to fill in particular details. To use them, consumers require various interactive components to help them maneuver a page and operate applications. Besides, most website pages will incorporate input controls into their forms to help consumers utilize applications conveniently. The user interfaces will ensure that data entered is secure, safe, complete, and accurate. In this context, users can enter data online or through automated processing platforms. According to Veatch and Senning (2009), Input controls refer