Technology has greatly expanded the methods of creating, editing, maintaining, transmitting and retrieving records. From creation to disposition, records in electronic recordkeeping systems may now utilize a variety of media. An example of an electronic recordkeeping system is one in which a personal computer generates the original records, which are subsequently stored on a secondary electronic resource. While paper copies of the electronic records may be printed for distribution, the original records are transferred electronically.
Performance is defined as the throughput of business transactions compared to user needs, expectations or requirements. IT performance risk is the risk that a company’s IT infrastructure will be unable to perform at required levels due to inferior internal operating practices, technology and/or external relationships that threaten the demand for the organization's products or services.
What is design risk? To “design” is to create, fashion, execute or construct according to plan. The term design as used here refers to the entire scope of a project. A business system design is a collection of design documents and supporting materials which define the system functionality that supports one or more business processes and in the process, creates, retrieves, updates and deletes data.
What is Transaction Authenticity?
Transaction authenticity can be defined as the authentication of a party’s (individual, organization) identity, to ensure that pending transactions and contractual agreements are legal and enforceable.
The KnowledgeLeader team recently added two risk and control matrices (RCMs) to its tool repository. These RCMs focus on IT-oriented risks and controls.
It is in this dynamic environment that IT audit leaders and functions must operate to help their organizations identify, mitigate and monitor an escalating volume of IT risks. Working in collaboration with executive management, the board of directors, IT, legal, human resources and numerous other departments, IT auditors face the daunting task of helping their organizations manage potential IT risks that could cripple the enterprise. Properly and proactively managing the organization’s IT strategy has never been more important.
Do you think your IT security is ready to meet the challenges that your organization will face in 2014? If your answer is no, you're not alone - the results of Protiviti's latest IT Audit Benchmarking Survey indicate that when it comes to IT and cybersecurity, many organizations need to make improvements to their IT audit coverage.
Data integrity is the assurance that information can only be accessed or modified by those authorized to access the system. Measures taken to ensure integrity include controlling the physical environment of networked terminals and servers, restricting access to data, and maintaining rigorous authentication practices. Data integrity can also be threatened by environmental hazards, such as heat, dust, and electrical surges.
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