Saturday, September 8, 2012

Audit Report Writing Rules

ü  Always avoid alliteration.
ü  Prepositions are not words to end sentences with.
ü  Avoid clichés like the plague.
ü  Employ the vernacular.
ü  Eschew ampersands & abbreviations, etc.
ü  Parenthetical remarks (however relevant) are unnecessary.
ü  It is wrong to ever split an infinitive.
ü  Contractions aren't necessary.
ü  Foreign words and phrases are not apropos.
ü  One should never generalize.
ü  Comparisons are as bad as clichés.
ü  Don't be redundant and don't use more words than necessary because it's highly superfluous.
ü  Profanity sucks.
ü  Be more or less specific.
ü  Understatement is always best.
ü  Exaggeration is a billion times worse than understatement.
ü  One-word sentences? Eliminate.
ü  Analogies in writing are like feathers on a snake.
ü  The passive voice is to be avoided.
ü  Go around the barn at high noon to avoid colloquialisms.
ü  Even if a mixed metaphor sings, it should be derailed.
ü  Who needs rhetorical questions?
ü  Sentences without verbs--bad idea.
ü  Avoid run-on sentences they are hard to read.
ü  Don't use no double negatives
ü  Verbs has to agree with their subjects.
ü  Avoid commas that are not necessary.
ü  Place pronouns as close as possible, especially in long sentences--such as those of ten or more words--to their antecedents.
ü  Use parallel structure when you write and in speaking.
ü  Take the bull in hand and don't mix metaphors.
ü  Never use a long word when a diminutive one will do.
ü  Unless you are quoting other people's exclamations, kill all exclamation points!!!
ü  Proofread carefully to see if you any words out.

Friday, September 7, 2012

Computer-Challenged Questions

      Are you still looking for the “Any Key”?
Are your passwords on a sticky note on your monitor?
Do the blinking ads compel you to click?
Do you anxiously open every attachment in your email?

Do you believe the IT people have magical powers?
Do you believe that the Firefox is the 1982 movie about a really cool jet?
Do you call the thing above the key 8 a snowflake?
Do you not believe in a firewall?

Do you proclaim, out loud, your three year old knows more about computers than you do?
Do you really think you win something for being the 421,232th visitor?
Do you still the think the Apple iPad is a fad?
Do you think you can get a free iPhone for filling out your zip code?

Have you paid for any Geek Squad services?
Is Netscape 4.7 your default browser?
Is your home network’s name “linksys”?
When someone asks what’s wrong with your computer, do you respond with, “It’s running slow”?

When someone is explaining something technical, do you dismiss it as “computer talk”?


FBI's List of Most Common Frauds

·         Telemarketing Fraud
·         Nigerian Letter or “419” Fraud
·         Identity Theft
·         Advance Fee Schemes
·         Health Care Fraud or Health Insurance Fraud
·         Redemption / Strawman / Bond Fraud
·         Letter of Credit Fraud
·         Prime Bank Note Fraud
·         “Ponzi’ Schemes
·         Pyramid Schemes
·         Market Manipulation or “Pump and Dump” Fraud

Testing Designer Shades


Thursday, September 6, 2012

Internet Wisdom

§  A chat has nine lives.
§  A journey of a thousand sites begins with a single click.
§  A user and his leisure time are soon parted.
§  C:\ is the root of all directories.
§  Don't byte off more than you can view.
§  Don't put all your hypes in one home page.
§  Fax is stranger than fiction.
§  Great groups from little icons grow.
§  Home is where you hang your @
§  In Gates we trust.
§  Know what to expect before you connect.
§  Oh, what a tangled website we weave when first we practice.
§  Pentium wise; pen and paper foolish
§  Speak softly and carry a cellular phone.
§  Speed thrills.
§  The E-mail of the species is more deadly than the mail.
§  There's no place like http://www.home.com.
§  Too many clicks spoil the browse.
§  Virtual reality is its own reward.
§  What boots up must come down.
§  Windows will never cease.
§  You can't teach a new mouse old clicks.

Effective IT Control in Action


Strategies for Auditors

1.     If your auditee is in range, so are you.
2.     Incoming audit evidence has the right of way.
3.     Don't look conspicuous: it draws defensive attention from management.
4.     The easy finding is already known.
5.     Try to look unimportant; they may be not in mood to criticize you.

6.     Professionals are predictable; it's the amateurs that are dangerous.
7.     The management argues against your audit findings only (a) when you're ready for them and (b) when you're not ready for them.
8.     Audit teamwork is essential; it prevents management from dividing and conquering.
9.     If you can't remember details, they will dispute your audit findings.
10.  If your substantive testing is going well, you have walked into an ambush.

11.  Don't attract criticism; it irritates the people around you.
12.  When you made a mistake, Mr. Audit Report is not your friend.
13.  If it's a stupid procedure but works, it isn't so stupid.
14.  When in doubt, add more details.
15.  Anything you do can get you shot down, including doing nothing.

16.  Mistakes are equal opportunity weapons.
17.  A Purple Heart just proves that were you smart enough to think of a plan, stupid enough to try it, and lucky enough to survive--just like some audits.
18.  (Empty number, left on purpose.)
19.  Don't ever be the first, don't ever be the last, and don't ever volunteer to do anything--you'll make partner soon.
20.  It is generally inadvisable to send your resume to company you just audit slammed. 

Wednesday, September 5, 2012

Risk Management Strategy


Carnival Game Fraud


1. The Milk Bottle Pyramid - Bottom pins can be filled with lead, making them as heavy as 10 pounds each. The softballs you throw may be filled with cork to make them lighter than regulation balls. And the bottles may be stacked against a backdrop curtain that helps prevent them from falling.

2. The Basketball Shoot - rims may be smaller than normal and oval-shaped, not round, and may be positioned higher than regulation to prevent a score other than with a difficult high-arching swish. Balls are overinflated to make them super-bouncy.

3. The Balloon Dart Throw - Balloons are underinflated to deflect even well-thrown carnival darts, which are often lighter than store-bought types. Their tips may be dulled or broken off.

4. The Ring Toss - The rings are just a hair wider than the neck of the target bottle or spike and are made of hard plastic to facilitate extra bouncing.

5. Tubs of Fun - farming baskets have been replaced with plastic "muck" buckets from home improvement stores so that the ball gets extra bounce.

6. Shoot the Star - the provided ammo is smaller than traditional BBs and in short supply. Plus the rifle's sights may be tampered with and its air pressure reduced so that many shots simply bounce off the target paper, 

7. The Duck Pond - The ruse is to get you to keep playing for the better prize,

Letterman's Top 10 Signs Bad Bank

Ø  Manager giggles whenever he says, “early withdrawal”
Ø  They made $2 million loan to the Hillary Clinton campaign
Ø  Most banks are backed by the FDIC; your bank is backed by KFC
Ø  Bank robbers leave with a sack of IOUs — that’s how bad things are, ladies and gentlemen
Ø  Loan officer will approve your mortgage only if you let him rub you
Ø  ATM looks suspiciously like a Ms. Pac-Man machine
Ø  Interest paid not in money, but in Saltines
Ø  They promise they’ll have your money if you come back after tonight’s Keno drawing
Ø  Instead of Andrew Jackson, their $20 bills have a picture of Tito Jackson

Missionaries Turned Bank Auditors


Tuesday, September 4, 2012

The OECD Principles of Corporate Governance

The code provides a framework for efficient and transparent running of listed companies to enhance shareholder value. The regulators need to be vigilant to enforce the code in its true spirit.
  • Protect rights of shareholders
  • Recognize the rights of shareholders
  • The Role of Stakeholders in Corporate Governance
  • Key Ownership Functions
  • Timely and accurate disclosures
  • Responsibilities of the Board of Directors


Hackers Tactics

o   Access to classified, proprietary, technology data
o   Assault on an employee
o   Blackmail
o   Bomb/Terrorism
o   Break-ins
o   Browsing of proprietary information
o   Computer abuse
o   Computer crime (e.g., cyber stalking)
o   Denial of service
o   Economic exploitation
o   Equipment failures
o   Fraud and theft
o   Fraud scheme
o   Fraudulent act-replay, impersonation, interception
o   Hacking
o   Information bribery
o   Information theft
o   Information warfare
o   Input of falsified, corrupted data
o   Interception
o   Intrusion on personal privacy
o   Malicious codes
o   Multiple Actions
o   Sale of personal information
o   Social engineering
o   Spoofing
o   System attack
o   System bugs
o   System intrusion, break-ins
o   System penetration
o   System sabotage
o   System tampering
o   Unauthorized access
o   Unauthorized acts combination
o   Viruses

Monday, September 3, 2012

Information RELIABILITY attributes

ü  Believability
ü  Objectivity
ü  Reliability of Compliance Reporting
ü  Reliability of Compliance Reporting
ü  Reliability of Financial Reporting
ü  Reliability of Financial Reporting
ü  Reputation

Thursday, August 30, 2012

System Penetration Motivation


Ø  Blackmail
Ø  Challenge
Ø  Competitive advantage
Ø  Curiosity
Ø  Destruction
Ø  Destruction of information
Ø  Economic espionage
Ø  Espionage gains
Ø  Exploitation
Ø  Illegal info disclosure
Ø  Intelligence
Ø  Monetary gain
Ø  Monetary payoffs
Ø  Multiple Motivations
Ø  Omissions
Ø  Perceived challenge
Ø  Personal ego
Ø  Rebellion
Ø  Revenge
Ø  Unauthorized data alteration
Ø  Unintentional errors
 

Information EFFICIENCY Attributes

v  Accessibility
v  Believability
v  Cost of Provisioning
v  Ease of Operation
v  Productivity Measure
v  Reputation
   

Wednesday, August 29, 2012

Sources of System Risk

§  “Forces of Nature"
§  Computer criminal
§  Corporate Espionage
§  Cracker
§  Employee mistakes
§  Foreign Government Espionage
§  Government Espionage
§  Hackers
§  Industrial espionage
§  Malicious insiders
§  Multiple Sources
§  Outdated technology
§  Technical failures
§  Terminated employees
§  Terrorists
§  Vendor negligence

Information EFFECTIVENESS attributes

·         Appropriate Amount
·         Consistency
·         Interpretability
·         Objectivity
·         Pertinence
·         Relevance
·         Timely Delivery
·         Understandability
·         Usability

Tuesday, August 28, 2012

Benefits of Virtualization

Virtualization is going back to central storage and computing.  Here are the benefits proclaimed these days:
 §  Reduce hardware vendor lock-in
 §  Increase uptime
    §  Isolate applications to prevent problem moving across systems
    §  Extend the life of older applications
    §  Help move things to the cloud
    §  Improve business continuity and disaster recovery
    §  Flexibility and agility with multiple systems on a single platform
    §  Reduced downtime
    §  Reduced administration costs as faster provisioning
    §  Increase space usage efficiency by reducing hardware units
    §  Save energy
    §  Reduce the data center footprint by consolidating servers
   

Monday, August 27, 2012

Bad Communication Tips

You know that communication is bad when

•         Formal communication has been less than optimal
•         Communication is infrequent and sporadic
•         Communication is not monitored and evaluated for its effectiveness
•         Over-reliance on non-face-to-face communication media
•         Messages/media are not within the scope of interest of intended audience
•         Communications are not two-way
•         Change is communicated as a placation.
•         No feedback loops are associated with each communication
•         The same words are used repeatedly to describe the project when not understood the first time.
•         Communication is not modeled to meet the needs of the stakeholders at a given time

Sunday, August 26, 2012

Computer Tips

1.  Typing DELETE does not !

2.  Create Folder without name by using RENAME on an existing folder and then typing 0160 on the numeric keyboard while holding ALT, then release ALT and hit ENTER.  Really cool.

3.  Forbidden Name of Folder !  "Con"  Try it.  You cannot create a folder named "Con."

4.  Weird word trick.  Just enjoy it.  In MS Word, type =Rand(200,99),  and hit ENTER.

5.  Become buzz-word compliant!!!
6.  Hardware: The parts of a computer system that can be kicked.
7.  Computer dating is great for computers.

8.  Viruses, unlike operating systems, rarely fail.
9.  Prepare for disaster:  Save Your Buffers !
10. Someone knocked over my recycle bin... There's icons all over my desktop...
11. The more I C+, the less I see.

12. Smith & Wesson, the original point and click interface.
13. Please press CTRL ALT DEL now for IQ test.
14. An application is never finished until the developer finds another job.

15. Eve used an Apple in Paradise.  The rest is history.
16. How many times you need to hit CTRL to be in control?
17. If a train station is where the train stops, what is a work station?

18. Computers, like air conditioners, stop working when you open Windows.
19. Bad or missing mouse driver. Spank the cat [Y/N]?
20. Error: Keyboard not attached. Press F1 to continue.


    

Friday, August 24, 2012

Components of Best Practice Governance

1.      Governance (foundations layer)
§  Regulatory (national/international) governance
§  Industry governance (HIPAA, GLBA)
§  Your company governance
§  ISD Infrastructure governance
2.      ITIL and Business Process Models (service management layer)
3.      CobiT (controls layer)
4.      Six Sigma (process engineering layer)
5.      CMMI (process maturity layer)
6.      ISO/IEC 20000-1:2005 IT Service Management Specification for Service Management  (overall objective layer)

Thursday, August 23, 2012

Why Request an Audit

1.  Detect ongoing fraud
2.  Improve existing controls
3.  Prevent fraud
4.  Discover new money saving approaches
5.  Operate more efficiently
6.  Stop or prevent data breaches

Wednesday, August 22, 2012

Evaluation Criteria for Communication


·         Stakeholder inclusiveness
·         Accuracy
·         Timeliness
·         Completeness
·         Transparency (balance and neutrality)
·         Accessibility of information
·         Clarity of Information