RSM427H1 Lecture Notes - Lecture 2: Credit Rating Agency, Audit Risk, Stormtroopers Of Death
Document Summary
Personnel risk - shipping clerks - full access / power of the shipping info. Personnel risk - head office network supervisor - full power over the master files and wan control at each management level: api operates in b2r commerce environment, large volume of customers complicate accuracy and order of transaction processing. External parties responsible for entering data - errors. Segregation of duty related to shipping, handling and recording of products. Securitization of customer information (credit card & email address) Customer system id requirement / frequency of changing the password. Limited segregation of duties to place order and charge funds (for small customers) Transactions in branch system are not updated instantly with master files in head office. Detection risks: not (cid:271)ei(cid:374)g a(cid:271)le to t(cid:396)a(cid:272)k i(cid:374)(cid:448)e(cid:374)to(cid:396)y i(cid:374) the (cid:449)a(cid:396)ehouse (cid:374)o pape(cid:396) t(cid:396)ail, with smalle(cid:396) (cid:272)usto(cid:373)e(cid:396)s, fu(cid:374)ds a(cid:396)e ele(cid:272)t(cid:396)o(cid:374)i(cid:272)ally t(cid:396)a(cid:374)sfe(cid:396)(cid:396)ed to api"s (cid:271)a(cid:374)k a(cid:272)(cid:272)ou(cid:374)t (cid:272)a(cid:374)(cid:374)ot (cid:448)e(cid:396)ify.
