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Seunghyun (Daniel) Min commented on the post, Week 4 Questions, on the site 7 years, 10 months ago
Sean,
I also like Paypal’s smooth streamline of its process. My first experience of using Paypal was years ago when I was in Korea. I think Paypal was the first platform that I used for my online payment. However, I still recalled it was very simple to use, and every step was straightforward. As you mentioned, I also believe Paypal is one of…[Read more]
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Seunghyun (Daniel) Min posted a new activity comment 7 years, 10 months ago
As customers, we experience various company’s order to cash process (OTC) whenever we buy something. Which company do you believe has a ‘great’ OTC process? Why?
I found a great definition of OTC in amalto’s website. “Order to Cash is an essential business process that can either boost your bottom line when managed efficiently or leave you i…[Read more]
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Seunghyun (Daniel) Min posted a new activity comment 7 years, 10 months ago
Q2: List common control issues associated with operating systems and remediation strategy/plan.
There are some popular operating systems that are commonly used by users. Windows, Mac OS, Linux for example. Honestly, I’ve been a PC user for my entire life. Windows is one of the world most popular operating system used by individuals, companies,…[Read more]
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Seunghyun (Daniel) Min posted a new activity comment 7 years, 10 months ago
Q1: Why is so important to protect operating systems?
You can compare the OS (operating system) to the heart of a human body. That’s why the operating system is considered to be the most important software on a computer. It manages the computer’s memory and processes. It also allows the communication of hardware components of a computer to the…[Read more]
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Seunghyun (Daniel) Min commented on the post, Weekly Question #4: Complete by February 15, 2017, on the site 7 years, 11 months ago
Yu Ming,
Great post. As a Temple University, we all have our own primary keys. For example, TUID and AccessNet are good examples of primary keys. Now Temple is trying to put everything on their cloud network. Those primary keys will play a huge role letting users to access all different platforms under the cloud.
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Seunghyun (Daniel) Min commented on the post, Weekly Question #4: Complete by February 15, 2017, on the site 7 years, 11 months ago
Paul,
You rightly said. Along with your point, companies that realize their information system has been compromised are reluctant to disclose they are under attack at the moment. They try to fix the problems on their own until they realize the attack has been gone for a while and they cannot fix them without the outside help.
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Seunghyun (Daniel) Min posted a new activity comment 7 years, 11 months ago
Q1: What are key characters of relational database management systems?
A relational database management system (RDMS) is a program that gives you an ability to create, update and administer a relational database. Most commercial RDBMS’s use the structured query language (SQL) to access and retrieve the database.
Characteristics are as f…[Read more]
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Seunghyun (Daniel) Min posted a new activity comment 7 years, 11 months ago
Magaly,
Thank you for explaining how firewall operates in detail. A couple months ago, in my church, we got a new Check Point firewall. It was my first time configuring the firewall. I guess the white list and black list you mentioned could be the part of the configuration process. I and another senior who are currently working as a Networking…[Read more]
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Seunghyun (Daniel) Min posted a new activity comment 7 years, 11 months ago
Q3: List risks associated with database management systems (DBMS)
Although DBMS brings up considerable advantages to an organization, it also carries some flaws. Examples are as follows:
1. Increased costs: Since Database systems require sophisticated hardware and software and highly skilled personnel, the cost of maintaining the hardware,…[Read more]
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Seunghyun (Daniel) Min posted a new activity comment 7 years, 11 months ago
Q2: Key benefits of relational databases vs traditional file system?
– Relational databases system uses both the physical and the logical access to the data. On the other hand, a traditional file system only deals with the physical access.
– Relational databases system allows flexible access to data and multiple user access to the same data,…[Read more] -
Seunghyun (Daniel) Min posted a new activity comment 7 years, 11 months ago
Professor Yao,
Redundant data wastes valuable space and causes troubles in maintaining a database. To reduce or eliminate redundant data, you can implement a Normalization method in an RDMS. Normalization is a means to organize your data to prevent redundancy. Normalization is to establish and maintain the integrity of the data tables as well…[Read more]
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Seunghyun (Daniel) Min posted a new activity comment 7 years, 11 months ago
Sean,
It is my first time hearing of this kind of fraud. It sounds horrible and I couldn’t imagine how frustrated you were. As you mentioned, having an insurance sometimes means nothing depending on which situations you are involved in. Like your case, you couldn’t get much out of your insurance based on the insurance contract you had with your…[Read more]
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Seunghyun (Daniel) Min posted a new activity comment 7 years, 11 months ago
Sean.
Rightly said. The SoD(Segregation of Duties) is considered to be mandatory implement control in large corporations. This is because the SoD is effective and efficient in mitigating employees’ fraudulent actions. The example of the SoD is that the person handling cash cannot be the same person that records cash amounts in the company’s…[Read more]
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Seunghyun (Daniel) Min posted a new activity comment 7 years, 11 months ago
Brou,
I agree. Paper-based or manual processes are definitely a factor causing human errors. In my last job at a grocery store, some vendors’ sales representatives were still using a paper order sheet to take an order. Those vendors often made errors with their orders. For example, they didn’t deliver us the items that I ordered or sent us…[Read more]
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Seunghyun (Daniel) Min posted a new activity comment 7 years, 11 months ago
Binu,
Thank you for the post! I agree with you that Completeness is one of the most salient factors of the management assertion dimension. If I can add to your point, I also think of Accuracy as another important factor. As an auditor, he/she would look into whether the data is precise or doubtful. A single inaccurate data found in the end of…[Read more]
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Seunghyun (Daniel) Min posted a new activity comment 7 years, 11 months ago
Q4. Which portion / step of the Procure to Pay process do they see as the most vulnerable to theft, fraud or failure of some kind? Explain
The Procure to Pay process is a means to obtain or manage raw materials in manufacturing products or providing a service. The nature of the Procure to Pay process is fairly complicating and should be a…[Read more]
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Seunghyun (Daniel) Min commented on the post, Week 2 Questions, on the site 7 years, 11 months ago
Binu,
Thank you for the link. I found a simple, awesome chart on that site. Anyone including myself who is not familiar with the RACI matrix should take a moment to check that chart. It well simplifies how the RACI works by using an example of a family trip plan.
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Seunghyun (Daniel) Min commented on the post, Week 2 Questions, on the site 7 years, 11 months ago
Professor Yao,
If ITIL is generally used for A management to design and deploy IT controls, when/what do IT auditors use ITIL for?
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Seunghyun (Daniel) Min posted a new activity comment 7 years, 11 months ago
Binu,
I also agree with Priya. Internal Auditors are supposed to provide the best practical options to improve on organization’s control system. If the organization is completely denying the suggestions not to implement proper controls, they are just making themselves more vulnerable. But exactly auditors are not going to directly tell of which…[Read more]
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Seunghyun (Daniel) Min posted a new activity comment 7 years, 11 months ago
Abhay,
I agree frameworks are great guideline to start with. Because a framework contains what to check and what need to be done for each phase during the audit process, it help auditors complete every categories in proper manner. In the planning phase of an audit, auditors can use a framework to find/learn what to start with.
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