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Wenlin Zhou posted a new activity comment 7 years, 10 months ago
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?
The Internet of Things (IoT) is a concept that provides objects, such as cars and electrical appliances, with the capacity to transfer data over a network without requiring human…[Read more]
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Wenlin Zhou posted a new activity comment 7 years, 10 months ago
What makes Web Application Security different from other types of security? Is it the firewall?
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Wenlin Zhou posted a new activity comment 7 years, 10 months ago
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?
SAP has the customize for our company to use. SAP make some manual process become automated. Multiple fragmented solutions working in isolation, rather than integrating with back-end ent…[Read more]
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Wenlin Zhou posted a new activity comment 7 years, 10 months ago
Hi Professor,
The essay question seems very difficult for us since it contains everything. Is it possible to provide more essay questions in advance for us to prepare.
Thanks.
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Wenlin Zhou posted a new activity comment 7 years, 10 months ago
Could you provide some example questions for the final exam?
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Wenlin Zhou posted a new activity comment 7 years, 11 months ago
I agree with you. Independence of the internal auditor means independence from parties whose interests might be harmed by the results of an audit. Specific internal management issues are inadequate risk management, inadequate internal controls, and poor governance. The Charter of Audit and the reporting to an Audit Committee generally provides…[Read more]
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Wenlin Zhou posted a new activity comment 7 years, 11 months ago
Have you ever been involved with an internal audit or audit of your process / project? Briefly describe.
When I am involved with the Internal audit, the process is like following steps:
Planning, Preliminary Survey & Risk Assessment: Client engagement and Acceptance. Define audit scope and objective. Identify areas of Fraud Risks and…[Read more] -
Wenlin Zhou posted a new activity comment 7 years, 11 months ago
I agree with you. Internal auditors should not assume any operational responsibility. Objectivity can be presumed to be impaired when internal auditors perform an assurance review of any activity for which they had any authority or responsibility within the past year or a period significant enough to influence their judgment or opinion. Internal…[Read more]
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Wenlin Zhou posted a new activity comment 7 years, 11 months ago
Sorry guys, the error formate in the previous post, I modify and post again.
Even if IT compliance is very expensive, it is possible to reduce its cost by applying some standards and techniques improving the efficiency and effectiveness of compliance processes. Four key words define the cost reduction guideline: standardization; reuse;…[Read more]
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Wenlin Zhou posted a new activity comment 7 years, 11 months ago
When is the cost of implementing a compliance control higher then the benefit obtained? What should an organization do to ensure efficiency and profitability?
Even if IT compliance is very expensive, it is possible to reduce its cost by applying some standards and
techniques improving the efficiency and effectiveness of compliance processes.…[Read more] -
Wenlin Zhou posted a new activity comment 7 years, 11 months ago
I agree with you. ” I want to add some points that the internal auditor occupies a unique position he or she is employed by the management but is also expected to review the conduct of management which can create significant tension since the internal auditor’s independence from management is necessary for the auditor to objectively assess the…[Read more]
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Wenlin Zhou posted a new activity comment 7 years, 11 months ago
How is independence maintained when working for the company as an internal auditor?
INDEPENDENCE: The audit charter should establish independence of the internal audit activity by the dual reporting relationship to management and the organization’s most senior oversight group. Specifically, the CAE should report to executive management for…[Read more] -
Wenlin Zhou posted a new activity comment 7 years, 11 months ago
Thanks Abhay, I add some points for security.
Secure Collaboration
Secure Process and People Collaboration: Maintain security of processes and collaboration using the security
capabilities of automated business processes and document exchanges
Identity and Access Management
User and Authorization Management: Manage IT users, aut…[Read more] -
Wenlin Zhou posted a new activity comment 7 years, 11 months ago
I agree with you. I also want to add a point. A business process blueprint is important to an ERP implementation. In fact, it is a key deliverable of our extensive business process management services we provide to our ERP clients. However, it is only one component of a more comprehensive business process management methodology, which is one of…[Read more]
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Wenlin Zhou posted a new activity comment 7 years, 11 months ago
Hello Professor,
How to do the step5 ” uses the Parse method of the Decimal class instead of the ToDecimal method of the Convert class” in chapter 4? -
Wenlin Zhou posted a new activity comment 7 years, 11 months ago
Great example, the employee training is important after the changing management. explaining why change those process is good for employee to fully understand. People can feel a part of the decisions in terms of the changes being made they feel valued. Explaining detailed changes to different specific position is good for employee understanding and…[Read more]
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Wenlin Zhou posted a new activity comment 7 years, 11 months ago
Next week we 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 is the working timeline for auditor?
What is the relationship between the IT auditing and cybersecurity?
What technologic skills should be obtained for IT auditor?
What are…[Read more] -
Wenlin Zhou posted a new activity comment 7 years, 11 months ago
In your company, do you use any blueprints as documentation? Why are process blueprints important in the documentation?
A blueprint is a set of page templates with added functionality to help you create, manage and organise content in Confluence more easily.
Blueprints and Design Documents: As with all facility projects, design documents that…[Read more] -
Wenlin Zhou posted a new activity comment 7 years, 11 months ago
What are the key components of SAP change management controls you would expect the auditor to review? Why?
1.Review of SAP changes: The team that reviews SAP change management requests is typically the senior SAP stalwarts that include Architects or Team Leads. They do many tasks including supporting the original design and impact assessment o…[Read more] -
Wenlin Zhou posted a new activity comment 7 years, 11 months ago
“Change the default application pool identity to Network Service”
Where is the default application pool?
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