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Seunghyun (Daniel) Min posted a new activity comment 7 years, 4 months ago
Domain 5 Quiz 2
85%
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Seunghyun (Daniel) Min posted a new activity comment 7 years, 5 months ago
Domain 1 Quiz 2- 78%
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Seunghyun (Daniel) Min posted a new activity comment 7 years, 5 months ago
Domain 1 Quiz 1 – 52%
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Seunghyun (Daniel) Min posted a new activity comment 7 years, 8 months ago
Dr. Ed Glebstein, Ph.D. lists and describes in his article “Is There Such a Thing as a Bad Auditor” a number of “Auditor Types” with the intent of helping readers recognize possible weaknesses in themselves.
Which one of these do you consider the worst type from the standpoint of the auditee? Why? The auditee is the person or group respons…[Read more]
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Seunghyun (Daniel) Min posted a new activity comment 7 years, 10 months ago
3. A person’s character is very crucial in the audit industry. How would you build your reputation and maintain a good ethical character in this industry?
I definitely agree with the question above. Doing audit is not only going in auditee’s sites and checking and making sure what they are doing rightly/incorrectly, but making a strong rel…[Read more]
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Seunghyun (Daniel) Min posted a new activity comment 7 years, 10 months ago
2. In the Real World Control Failures we’ve reviewed, describe the character of the leaders involved. Is it a root of the control failures?
The common character of leaders involved in the Real World Control Failures we’ve reviewed in the class is that they had a lack of knowledge in IT security. Back then, to be honest, management didn’t pay t…[Read more]
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Seunghyun (Daniel) Min posted a new activity comment 7 years, 10 months ago
1. How much of automated controls should be desired? Is it beneficial to consider controls at the initial design phase or controls are introduced as and when needs arise?
For the cost-effective and less human-error perspectives, it would be desired to have as much as automated controls implemented in an organization. This is because more…[Read more]
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Seunghyun (Daniel) Min posted a new activity comment 7 years, 10 months ago
Q4: What aspect of compliance should an organization put the most effort into ensuring their controls are adequate? What factors about an organization (it’s industry, profit / non-profit, international, …) would drive this answer?
In my opinion, you need to put the most effort to content the compliance that is regulated by the government. Thi…[Read more]
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Seunghyun (Daniel) Min posted a new activity comment 7 years, 10 months ago
Q3: When is the cost of implementing a compliance control higher than the benefit obtained? What should an organization do to ensure efficiency and profitability?
In my opinion, for some industries where companies are highly regulated, such as pharmaceutical companies, depending on some cases their cost of implementation of a compliance…[Read more]
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Seunghyun (Daniel) Min posted a new activity comment 7 years, 10 months ago
Q2: (Updated Nov 30) The ERP systems market is very competitive. What should SAP and other ERP systems providers be focusing on to make their systems more competitive in the future?
In general, today’s commercial market is very competitive no matter what product you are trying to sell. But one thing I notice that companies that are c…[Read more]
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Seunghyun (Daniel) Min posted a new activity comment 7 years, 10 months ago
Q1: (Updated Nov 30) SAP is a world class ERP system provider. If you are an SAP customer – what would you expect them to provide to support your company’s internal controls?
1. Employee Training – If I am an SAP customer, I would like to ask them to train my employees for the internal control perspectives. Training my employees will signi…[Read more]
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Seunghyun (Daniel) Min posted a new activity comment 7 years, 11 months ago
Q3. When is the cost of implementing a compliance control higher than the benefit obtained? What should an organization do to ensure efficiency and profitability?
In my opinion, for some industries where companies are highly regulated, such as pharmaceutical companies, depending on some cases their cost of implementation of a compliance…[Read more]
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Seunghyun (Daniel) Min posted a new activity comment 7 years, 11 months ago
Q2. How is independence maintained when working for the company as an internal auditor?
1. The internal auditor should report to executive management for assistance in establishing direction, support, and administrative interface; and typically to the audit committee for strategic direction, reinforcement, and accountability
2. The internal…[Read more] -
Seunghyun (Daniel) Min posted a new activity comment 7 years, 11 months ago
Q1. Have you ever been involved with an internal audit or audit of your process / project? Briefly describe.
I have never been involved with an internal audit or audit of my process/project. But in my current internship, my team, the Waiver Unit of Intellectual Disability Department, City of Philadelphia, is now preparing for the year-end…[Read more]
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Seunghyun (Daniel) Min posted a new activity comment 7 years, 11 months ago
Q4. In future weeks we may have the privilege of having real world auditors join us for our discussions. What questions would you like to ask the Auditors to answer for us?
What would be necessary skills for ITACS students to learn/obtain before starting their careers as IT Auditors?
What would be good/down sides of IT Auditing as a…[Read more] -
Seunghyun (Daniel) Min posted a new activity comment 7 years, 11 months ago
Q1. What are the key components of SAP change management controls you would expect the auditor to review? Why?
1. Review of SAP changes: Has it been completed to appropriate standards and quality? Is there a potential performance issue involved or inadvertent introduction of a security breach? Is there a dependency upon another, unrelated…[Read more]
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Seunghyun (Daniel) Min posted a new activity comment 7 years, 11 months ago
Q2. In your company, do you use any blueprints as documentation? Why are process blueprints important in the documentation?
I recently started working for my church as a Technology Support. In my job, we have a Network connection blueprint on the wall as documentation. I think the blueprint was really important, especially for me like a new…[Read more]
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Seunghyun (Daniel) Min wrote a new post on the site Auditing Controls in ERP Systems 7 years, 11 months ago
mis5121-control-failure-daniel-min
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Seunghyun (Daniel) Min posted a new activity comment 7 years, 11 months ago
Q4, Which transaction do you believe is the most ‘Sensitive’ and therefore should have extra focus in an SAT (Sensitive Access to Transaction) audit? Explain
I believe a payment transaction should be considered as the most ‘Sensitive.’ Since that transaction is one that directly deals with payment, money, it needs to be treated very careful…[Read more]
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Seunghyun (Daniel) Min posted a new activity comment 7 years, 11 months ago
Q3. Which is more of a risk to a company: inaccurate data or excessive repetitive data? Explain
Between those two risks, inaccurate data or excessive repetitive data, I weight more on inaccurate data to be more of a risk to a company. In terms of implementing a control perspective, it is possible to prevent repetitive data from occurring by…[Read more]
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