IT Governance, Risk, and Compliance:

Illegal Acts


July 1, 2013  2:02 AM

Government-Audit Convergence Part VII



Posted by: Robert Davis
Accountability, Administrative Control, Audit Oversight Committee, Compliance Management, Control Evaluation, Due Care, Due Diligence, Fiduciary Responsibility, Framework, Governance, Government Agencies, Illegal Acts, Information Assets Protection, Laws and Regulations, Management, Safeguarding

Technology deployment and associated management information systems can provide a competitive advantage as well as increased control requirements. Legal noncompliance risks are an irrefutable fact, where consequences range from significant financial penalties to the threat of damage to an...

June 28, 2013  6:10 AM

Government-Audit Convergence Part VI



Posted by: Robert Davis
Accountability, Administrative Control, Audit Oversight Committee, Compliance Management, Control Evaluation, Due Care, Due Diligence, Fiduciary Responsibility, Framework, Governance, Government Agencies, Illegal Acts, Information Assets Protection, Laws and Regulations, Management, Safeguarding

The most common audit practice laws and regulations influences are evidence collection and perseverance. Where legal compliance audits are decreed, if an illegal act is suspected, IT auditors must ensure evidential legal mandates are satisfied in order to successfully provide authorities with...


June 23, 2013  10:47 PM

Government-Audit Convergence Part V



Posted by: Robert Davis
Accountability, Administrative Control, Audit Oversight Committee, Compliance Management, Control Evaluation, Due Care, Due Diligence, Fiduciary Responsibility, Framework, Governance, Government Agencies, Illegal Acts, Information Assets Protection, Laws and Regulations, Management, Safeguarding

Accountability is responsibility for performance against agreed-upon expectations either stated and/or implied.  Professionally, an IT auditor should exercise due caution from disclosing information acquired in the course of an engagement to any person other than the entity’s dually  appointed...


June 21, 2013  5:02 PM

Government-Audit Convergence Part IV



Posted by: Robert Davis
Accountability, Administrative Control, Audit Oversight Committee, Compliance Management, Control Evaluation, Due Care, Due Diligence, Fiduciary Responsibility, Framework, Governance, Government Agencies, Illegal Acts, Information Assets Protection, Laws and Regulations, Management, Safeguarding

Regarding laws and regulations, when professional standards are applied to compliance engagements, an IT auditor has the right to believe that management has established appropriate controls to prevent, deter and detect illegal acts, unless tests and evaluations carried on by an IT auditor prove...


June 17, 2013  1:31 AM

Government-Audit Convergence Part III



Posted by: Robert Davis
Accountability, Administrative Control, Audit Oversight Committee, Compliance Management, Control Evaluation, Due Care, Due Diligence, Fiduciary Responsibility, Framework, Governance, Government Agencies, Illegal Acts, Information Assets Protection, Laws and Regulations, Management, Safeguarding

Professional prudence dictates legal mandates impacting IT-IAP audit practice areas should be thoroughly understood by audit team members prior to proceeding with fieldwork. Specifically, IT auditors “should review compliance with applicable statutory laws, regulations as well as contracts and,...


June 15, 2013  5:19 PM

Government-Audit Convergence Part II



Posted by: Robert Davis
Accountability, Administrative Control, Audit Oversight Committee, Compliance Management, Control Evaluation, Due Care, Due Diligence, Fiduciary Responsibility, Framework, Governance, Government Agencies, Illegal Acts, Information Assets Protection, Laws and Regulations, Management, Safeguarding

Government sponsored laws and regulations can influence auditor conduct and impose IT audit practice requirements.  Therefore, applying ISACA’s Professional Ethics and Standards, an IT auditor “should maintain the highest degree of integrity and...


June 10, 2013  2:30 AM

Government-Audit Convergence Part I



Posted by: Robert Davis
Accountability, Administrative Control, Audit Oversight Committee, Compliance Management, Control Evaluation, Due Care, Due Diligence, Fiduciary Responsibility, Framework, Governance, Government Agencies, Illegal Acts, Information Assets Protection, Laws and Regulations, Management, Safeguarding

Generally, audit has a responsibility for ensuring that (1) independence and objectivity are maintained in all phases of assignments, (2) professional judgment is utilized in planning approaches, performing procedures, and reporting results of engagements, (3) work is conducted by personnel who are...


April 5, 2011  5:45 PM

Managing the Dynamic Uncertainties of IT – Part VIII



Posted by: Robert Davis
Adaptive Process, Adaptive Systems, COBIT, Control Environment, Dynamic Equilibrium, Illegal Acts, Risk Assessment, Risk Management

Technology is an enabler, not a solution, for deploying and executing a sound operational strategy. To ensure effectiveness, responsibility for executing an adopted strategy should be shared across the entity, making all employees accountable as...


April 1, 2011  6:32 PM

Managing the Dynamic Uncertainties of IT – Part VII



Posted by: Robert Davis
Adaptive Process, Adaptive Systems, COBIT, Control Environment, Dynamic Equilibrium, Illegal Acts, Risk Assessment, Risk Management

An IT risk assessment can classify information assets by criticality, sensitivity, and impact on operations. For most entities, comprehensive IT risks evaluations should be iterative and adaptive processes. Therefore, adequate IT risk management...


March 29, 2011  8:28 PM

Managing the Dynamic Uncertainties of IT – Part VI



Posted by: Robert Davis
Adaptive Process, Adaptive Systems, COBIT, Control Environment, Dynamic Equilibrium, Illegal Acts, Risk Assessment, Risk Management

An adequate IT plan describes predetermined objectives, goals as well as ambit with sufficient supporting detail to guide risk assessment development. Correspondingly, IT risk assessment plans should reflect applicable IT standards and practice statements issued by governing bodies. Whereby,...


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