Auditing Information Systems and Controls

Released on by Ed Danter
preview-18

  • Auditing Information Systems and Controls Book Detail

  • Author : Ed Danter
  • Release Date : 2007-06-22
  • Publisher : Xlibris Corporation
  • Genre : Business & Economics
  • Pages : 238
  • ISBN 13 : 1465324151
  • File Size : 70,70 MB
DOWNLOAD BOOK

Auditing Information Systems and Controls by Ed Danter PDF Summary

Book Description: Corporate America is faced with a challenge today, a challenge unprecedented in our history. It has become a national imperative that corporations create audit programs and infrastructures to achieve audit readiness and guarantee the accuracy of corporate records. Executives should not and can not depend entirely on external audit reviews and recommendations. They must create internal audit programs and infrastructures to regain credibility and the confidence of shareholders. Meeting this challenge is critical to the survival and success of many business enterprises. The federal government and leaders of our country are serious today in facing the challenges of corporate behavior and the dangers that have evolved, evidenced by the passing of the Sarbanes Oxley Act of 2002. The Act requires the certification by CEOs and CFOs regarding the accuracy of their financial statements and requires independent outside audit attestation of the operating effectiveness of controls and control structure over financial reporting. It imposes associated penalties for failure to comply. Pro-active corporations must establish the discipline of rigorous audit readiness programs and must ensure their continued successful execution. It is essential that internal audit committees take measures to install checks and balances and self-policing practices to ensure integrity within their corporations. This is not optional. CEOs today are legally responsible for the correctness of their financial statements. IT Governance: The Only Thing Worse Than No Control Is The Illusion of Control focuses on a unique organizational structure and the mechanics of establishing an effective internal independent audit organization. It proposes the structure of an independent internal auditing group headed by a Chief Governance Officer (CGO) or Chief Accounting Executive (CAE) who reports directly to an audit committee, comprised of Board of Director members, who themselves must be totally independent. Independence is the most critical element in the success of this new audit approach and can not be emphasized enough. This will require an organizational change in most corporations and a revolutionary approach. Old paradigms in which the audit organization reported to the CEO or CFO will be discarded. These internal audit groups must serve as the eyes and ears for the public and Board of Directors. They will provide early warnings of inappropriate, fraudulent or ineffective practices and will report noncompliance with accepted basic control fundamentals and ethical behavior; they must do so without fear of reprisal. Not only is it the responsibility of the Audit Committee to provide direction, but it is essential that every executive officer and their staffs be on board and be fully supportive of the internal audit infrastructure. It is the synergy of these organizations working together that is required to prepare us for successful audits and to improve business controls. Education is critical and should be of paramount importance in addressing this problem. IT Governance: The Only Thing Worse Than No Control Is The Illusion of Control addresses the establishment of effective corporate governance, describes how to install a sound audit governance infrastructure, and describes how to establish effective IT controls. We have an opportunity to do better and we should. This book addresses not only how to comply with legislative mandates, but it also provides a roadmap, detailing steps on how to establish an infrastructure and audit readiness program to achieve compliance. In addition, there is a realization now by many corporations that the effectiveness of their business process controls is heavily dependent on the adequacy of their IT controls; this book focuses on the integration of business processes with IT controls. This book addresses many facets of IT controls, from the formation of an effective audit infrastru

Disclaimer: www.yourbookbest.com does not own Auditing Information Systems and Controls books pdf, neither created or scanned. We just provide the link that is already available on the internet, public domain and in Google Drive. If any way it violates the law or has any issues, then kindly mail us via contact us page to request the removal of the link.

Auditing Information Systems and Controls

Auditing Information Systems and Controls

File Size : 59,59 MB
Total View : 2637 Views
DOWNLOAD

Corporate America is faced with a challenge today, a challenge unprecedented in our history. It has become a national imperative that corporations create audit

Audit Defense

Audit Defense

File Size : 42,42 MB
Total View : 6911 Views
DOWNLOAD

Most university undergraduate and graduate audit classes are geared towards educating prospective auditors but do not provide education for those who will be au

Little Arrows

Little Arrows

File Size : 47,47 MB
Total View : 5499 Views
DOWNLOAD

The story is about the career, from a very early age, of a mild-mannered young man who likes, and excels at, all kinds of sporting combat. The thought of using

Studies in Bibliography

Studies in Bibliography

File Size : 67,67 MB
Total View : 2451 Views
DOWNLOAD

Vol. 10 is a special anniversary volume entitled Selective check lists of bibliographical scholarship, 1949-1955.

Plays and their Makers up to 1576

Plays and their Makers up to 1576

File Size : 45,45 MB
Total View : 9651 Views
DOWNLOAD

This volume forms part of the 5 volume set Early English Stages 1300-1660. This set examines the history of the development of dramatic spectacle and stage conv