Watch these videos:
- Real World Control Failure: ACL Technologies and Egypt Air Force
- Lecture about Risk & Fraud
Read the following in textbook Auditing and GRC Automation in SAP (AGAS) by Chuprunov, Maxim
- AGAS Chapter 9.1 thru 9.3 (Controls in P2P Process)
- AGAS Chapter 12.1 (Introduction to Fraud)
Review the lecture slides and notes for Fraud, P2P Controls
Review the lecture slides and notes for Fraud b
Video: Procure-To-Pay [P2P] – A Practical Understanding
Video: Webinar Integrating Governance, Risk Management and Compliance
Daily Discussion Questions:
- Have you ever:
Been victim of Fraud?
Had evidence of, suspicions of fraud occurring?
Been pressured (e.g. by an employer) to commit an act that was morally or legally questionable?
– Explain - 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
Finalize: Real World Control Failure Assignments
WorldCom Organization
- Corporate Shared Services
- 4 Divisions:
- North America [including: Canada], South America
- Asia/Pacific
- Eastern/Western Europe
- Africa
- Role of:
- Board of Directors
- Audit Committee
- Internal Audit
- Technology
- Financial
- Operational
- External Audit [Arthur Anderson]
- C-Level Suite [i.e. CEO, CFO, CIO, COO, etc.]
- Big 4 [EY, PwC, KPMG, D&T] Services Rendered:
- Audit Assurance
- Taxes
- Legal
- Actuarial Services
- Information Security
- Due to Enron / WorldCom Big 4 cannot cross-sell
- Corporate Fiduciary Responsibility
- Role of Compliance / Operational Risk
- Role of Audit
- Role of General Counsel [Legal]
- Todays Role of C-Level Suite
- Post Sarbanes-Oxley, CIO signs off on Annual Report