BuyFindarrow_forward

Principles of Information Systems ...

12th Edition
Ralph Stair + 1 other
ISBN: 9781285867168

Solutions

Chapter
Section
BuyFindarrow_forward

Principles of Information Systems ...

12th Edition
Ralph Stair + 1 other
ISBN: 9781285867168
Textbook Problem

Do research on the Web to find an example of an external audit that uncovered serious problems at an organization. Briefly summarize the findings of the audits. What recommendations were made to correct those problems?

Program Plan Intro

Information system:

  • An information system is a system which provides the necessary information to an organization to achieve the goals.
  • It monitors the transactions details, provides the required information to decision makers, and provides necessary documents to customers.
  • The main components in the information system are people, data, procedures, hardware, as well as software.
  • The main function of information system is to accept and process the input data and then stores the retrieved information and distributes it across the organization.

Importance of auditing:

  • Auditing involves analyzing of financial condition for an organization.
  • It determines whether financial statements and reports produced by financial MIS are accurate.
  • The sound auditing procedures are required.
  • It can reveal potential fraud.
  • It can reveal false or misleading information.

Example of audit:

The financial statements such as income statements and balance sheets are been used by many people as well as organizations. The sound auditing procedures are been required in this case.

Program Explanation

External audit example:

The Department of Financial Services (DFS) uncovered serious issues with Information Technology and Systems that are being used by Office of State Comptroller (OCS) of New York State Common Retirement Fund (CRF).

Findings:

  • The information technology systems in place were never upgraded since their inception in 1950s.
  • The mainframes systems are too slow, unresponsive and highly unsecure for storing and retrieving pensioners and tax payer’s information.
  • There are very few resources trained in the old systems.
  • The internal audits conducted by OCS are very infrequent, ineffective and failed to take prompt action on issues that are existing.
  • There are no disaster recovery plans and risk management practices in place to mitigate the risks...

Still sussing out bartleby?

Check out a sample textbook solution.

See a sample solution

The Solution to Your Study Problems

Bartleby provides explanations to thousands of textbook problems written by our experts, many with advanced degrees!

Get Started

Additional Engineering Solutions

Find more solutions based on key concepts

Show solutions add

Write the 10 cardinalities that are appropriate for this ERD.

Database Systems: Design, Implementation, & Management

Create a table that shows the relative magnitudes of modulus of elasticity of steel to aluminum alloys, copper ...

Engineering Fundamentals: An Introduction to Engineering (MindTap Course List)

What is cast iron?

Precision Machining Technology (MindTap Course List)