Case Study Area Risk Assessment - 862 Words

ITGC Area Risk Assessment IT Management Low Systems Development Low Data Security Medium Change Management Low Business Continuity Planning High Alexandra DeHaven IT General Controls ITGC Area Summary of Issue Strength or Weakness IT Management FFC has an IT strategic plan Strength IT Management FFC has an IT Steering Committee Strength IT Management VP Information Security reports to CIO Weakness IT Management FFC plan matches IT plan Strength IT Management VP Applications reports to CIO Weakness IT Management Steering Committee Members 5/7 report to CIO Weakness IT Management VP Operations reports to CIO Weakness IT Management VP Database Administration reports to CIO Weakness IT Management CIO Reports to the CFO Strength Systems†¦show more content†¦FFC recently implemented a fingerprint bio-coding payment system in its stores and this implementation required that FFC change other systems as well. An IT General Control (ITGC) review is mandatory to meet SAS 109’s risk assessment procedures and SOX Section 404 Management Assessment of Internal Controls requirements. This is also important because it builds a foundation to begin the implementation on. Purpose: The ITCG controls are important for both security reasons as well as data validation for the systems within a company that manage financial data. There are high costs that come with protecting a data and it is important to identify all the possible risks that a company may end up facing and creating a plan for protection. Scope: 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 ofShow MoreRelatedReviewing An Report Written That Should Address The Points982 Words   |  4 Pagessome experiments and tests, Should study, apply, circular statistics ,Should draw some curves on 2D or 3D, Should deduce TPM (transition probability matrix), TRM (transition rate matrix) for Markov process, Should deduce the utilization factor of the roads, Should deduce the maximum capacity of the road ,Should deduce the local balance equation and study the probability of existence in every state. Now we should answer, did the accidents are seasoning? The risk analysis is very weak (no formula hadRead MoreBelmont Report1279 Words   |  6 Pagesregarding informed consent, assessment of risk and benefits, and selection of subjects in addition to ethical practice and procedure in the area of human research are outlined. The Belmont Report attempts to summarize the basic ethical principles identified by the National Commission for the Protection of Human Subjects of Biomedical and Behavioral Research (Belmont Report, 1979). In particular I would like to discuss the standards for informed consent, assessment of risk and benefits, and selectionRead MoreChild Sexual Violence And Sexual Abuse1371 Words   |  6 PagesChild on child sexual violence/assault cases has been on the rise. Sexual Violence is defined by Webster’s dictionary as any illegal sexual contact that usually involves force upon a person without consent or is inflicted upon a person who is incapable of giving consent (as because of age or physical or mental inc apacity) or who places the assailant (as a doctor) in a position of trust or authority. There is growing understanding that the vast majority of children who has experienced sexual assaultRead MoreEnv/420 Ecology and Wildlife Risk Evaluation Analysis Essay example1678 Words   |  7 Pagesand Ecological Risk Assessment Ecology and Wildlife Risk Evaluation Analysis ENV/420 This analysis of case studies from Los Alamos National Laboratory, and the case study to predict the effects of pesticides on aquatic systems and the waterfowl that uses them. Comparing the two processes of these case studies, along with analysis of the assessments. Describing the case study on the effectsRead MoreEssay on 208 Task C Case Studies625 Words   |  3 PagesAssignment 208 – Task C – Case studies case study one Introduction Winston is a social care worker supporting young people with learning disabilities in the community. One evening, he visits an individual to find that a pipe has burst in their roof, water is running down the light fitting and onto the bathroom floor. 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There are many risk factors for pressure ulceration; however, most concerning patient factors include: low body weight, mental status changes, immobility, impaired wound healing, incontinence, type one and type two diabetes, edema, altered circulation, low serum albumin, and malnutrition. Perhaps the most important step in prevention begins with a comprehensive integument nursing asse ssment for pressure ulcers. There are many pressure ulcer preventionRead MoreAn Empirical Analysis Of Supply Chain Risk Management1692 Words   |  7 PagesHoenig in the paper titled â€Å"An empirical analysis of supply chain risk management in the German automotive industry† applied the practices of supply chain risk management by surveying sixty-seven manufacturing plants in German automotive industry. The need of real empirical research in supply chain risk management to help analyzing supply chain risk and test the previous research proposed instruments that can be applied for supply chain risk management was the motivation of this work. In this paper, theRead MoreProject Risk Management - Fluidity in Risk Planning Case Study1098 Words   |  5 PagesRisk Paper 2 Project Risk Management- Professor Hurst Fluidity in Risk Planning – A Case Study One of the most important steps within a project is risk management because it plans for and responds to risks that impact the overall project deliverables including budget and timeframe. Risk management is used to mitigate risk in ways that align with each individual risk and its potential impact. During the risk management process risks are identified and defined and a plan to control, monitor andRead MoreCase Study : Named Food Fantastic Company1046 Words   |  5 Pages The company addressed in this case study is named Food Fantastic Company (FFC). The company headquarters is in Mason, Maryland, and it is considered a publicly traded regional grocery store chain. Their competitive edge is in the programs implemented to manage and organize their data center. Recently, the company issued a new system regarding payments that uses fingerprints bio coding. The reason for the review is basically the new implementation of such a huge system in which the company needs