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This unit introduces students to information systems audit and assurance. An information systems (IS) audit is part of the overall audit process and is important for good corporate governance. This
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Thisunitintroducesstudentstoinformationsystemsauditandassurance.Aninformationsystems(IS)auditispartoftheoverallauditprocessandisimportantforgoodcorporategovernance.ThisunitfurtherdevelopsanunderstandingofinternalandoperationalcontrolsaswellasknowledgeoftheorganisationasitrelatestoISauditandassurance.Studentswillexaminetherisksassociatedwithinformationsystemsusingframeworksthatprovideprofessionalstandards,guidelines,toolsandtechniquesforISauditandcontrol. TheriskbasedapproachtoISauditisdevelopedsothatstudentshaveanunderstandingofinherentrisks,controlrisksanddetectionrisks.Studentswillhaveexp...Solution Preview:
Executive Summary
The dependence of businesses and individuals technology has been seen a tremendous rise with the birth of newer and convenient technologies. With the increasing use of technology, the risk associated with it increases. This creates a pressing need of the mechanisms to prevent, detect and correct such potential risks and breaches.
The IT security of the technology providers have to be robust in order to safeguard the systems against any breach. This report focuses on the cases in which the security of iCloud has been potentially breached and analyses the risks associated with iCloud. It further identifies the areas which need to undergo audit, use of which can help prevent and detect potential breaches. It also recommends mechanisms which can help mitigate iCloud security risks.
This report aimed to develop a critical understating of the various accounting software by evaluating the cloud-based accounting software in regards to businesses and then suggest the most appropriate accounting software to a chosen company such as Woolworth. The findings of the current report reflected that the company has key activities like manage, organize, maintain its store staff, develop various strategies for the business, billing for their products, maintain their transactions, and records them and handle their conflicts, etc. Similarly, its other activities related to revenue and expenditure cycle also includes sales and purchase related practices. Moreover, some internal controls are found weak in Woolworth due to which company has risks like segregation of duties, major frauds, poor corporate governance, improper monitoring of managerial opportunistic behavior.
This report aimed to develop a critical understating of the various accounting software by evaluating the cloud-based accounting software in regards to businesses and then suggest the most appropriate accounting software to a chosen company such as Woolworth. The findings of the current report reflected that the company has key activities like manage, organize, maintain its store staff, develop various strategies for the business, billing for their products, maintain their transactions, and records them and handle their conflicts, etc. Similarly, its other activities related to revenue and expenditure cycle also includes sales and purchase related practices. Moreover, some internal controls are found weak in Woolworth due to which company has risks like segregation of duties, major frauds, poor corporate governance, improper monitoring of managerial opportunistic behavior.
