AC 554 Unit 5 Special Exercise NEW In your organization or organization of your choice, identify two applications that various end-user groups and departments have developed outside the core IT department. Compare the security features of these applications with the ones developed by the IT department.
Infosys is a global information system outsourcing company. The following risks are discussed in Infosys Company’s 2003 Annual Report. An illustrative statement of each risk is also reproduced for each risk. Classify each type of risk in one of two broad risk categories, business risk and control risk, and briefly explain your answers.
A publically traded company, Lists Unlimited, is in the business of selling lists custom generated according to the needs of the customer. In 2001, the company recorded revenues of $150 million. List Unlimited revenues have grown at a rapid rate due to an unusual number of acquisitions the company made during the year 2000. Although the acquisitions have been integrated within List Unlimited’s business operations and structure, according practices–especially revenue cycles—remain separate for most acquired businesses. This is due to variations in conventions and practices unique to the line of business of acquired businesses. As director of the newly formed internal audit function, how would you approach the issue of diversity in revenue applications as you begin to address compliance with the Sarbanes-Oxley Act in the acquired businesses?
AC 554 Unit 5 Homework Assignment NEW Exercise 2 Question: Many companies offer their employees the ability to connect to the network from home computers. Because companies don’t have control over the home user’s machine, they can be exposed to viruses from these machines. What steps—technical and procedural—do you think are necessary in protecting the company network from insecurities of home computers? Exercise 3 Question: To ensure security of a system and to apply patches as required, an inventory of the existing environment is required. After all, you can’t have total security when you do not know what to secure. Meet with your organization’s information technology staff to understand their process to inventory their environment. Do they have a process? Does it work? What enhancement would you recommend?
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