Premium Essay

Audit Policy

In: Computers and Technology

Submitted By TSmit
Words 416
Pages 2
[pic]

Server Audit Policy

Created by or for the SANS Institute. Feel free to modify or use for your organization. If you have a policy to contribute, please send e-mail to stephen@sans.edu

1.0 Purpose
The purpose of this policy is to ensure all servers deployed at are configured according to the security policies. Servers deployed at shall be audited at least annually and as prescribed by applicable regulatory compliance.

Audits may be conducted to: • Ensure integrity, confidentiality and availability of information and resources • Ensure conformance to security policies

2.0 Scope
This policy covers all servers owned or operated by . This policy also covers any server present on premises, but which may not be owned or operated by .

3.0 Policy hereby provides its consent to allow to access its servers to the extent necessary to allow to perform scheduled and ad hoc audits of all servers at .

3.1 Specific Concerns
Servers in use for support critical business functions and store company sensitive information. Improper configuration of servers could lead to the loss of confidentiality, availability or integrity of these systems.

3.2 Guidelines
Approved and standard configuration templates shall be used when deploying server systems to include: • All system logs shall be sent to a central log review system • All Sudo / Administrator actions must be logged • Use a central patch deployment system • Host security agent such as antivirus shall be installed and updated • Network scan to verify only required network ports and network shares are in use • Verify administrative group membership • Conduct baselines when systems are deployed and upon significant system changes • Changes to configuration template shall be coordinated with approval of change control board

3.2 Responsibility…...

Similar Documents

Premium Essay

Audit

...audit Internal auditing is an independent, objective assurance and consulting activity designed to add value and improve an organization's operations. It helps an organization accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control, and governance processes.[1] Internal auditing is a catalyst for improving an organization's effectiveness and efficiency by providing insight and recommendations based on analyses and assessments of data and business processes there are 3 types of Audit : 1. Internal audit ( first party audit),to ensure implementing, maintaining and improvement of the system audited. 2.Customer audit ( second party audit), to evaluate the suppliers performance and compliance for standards. 3.External audit (third party audit), to ensure implementing and documenting according to standards. Audit Process Prevalent Audit Concerns Risk Assessment Process Definition of Internal Audit The audit process is generally a ten-step procedure as outlined below. Please click through the steps in order to better understand the process. 1. Notification 2. Planning 3. Opening Meeting 4. Fieldwork 5. Communication 6. Report Drafting 7. Management Response 8. Closing Meeting 9. Report Distribution 10. Follow-up Notification First, you will receive a letter to inform you of an upcoming audit. The auditor will send you a......

Words: 768 - Pages: 4

Premium Essay

Audit

...States. Our discussions will focus on various aspects of the auditing profession. Successful completion of this course will provide you with a basic understanding of: * The auditor's consideration of financial statement cycles, * The evaluation of audit evidence, and * The issues related to completing an audit. Honor Code: Each student is expected to behave in a manner that brings honor to himself or herself, to the student body, and to the university community. In keeping with this expectation, students should be familiar with requirements of the Honor System Constitution. All class assignments are expected to be your original work. You are not permitted to use solutions manuals, solutions from prior semester materials, or another student’s materials in completing assignments. All university policies regarding cheating, plagiarism, falsification, nonattendance, and illnesses will be strictly applied and enforced in this course. The Honor Code will be strictly enforced in this course and all aspects of your coursework are covered by Honor System. All assignments submitted to the instructor shall be considered graded work unless otherwise noted. Please refer to your university catalog for these policies. Special Accommodations: If you are a student with special needs or circumstances, if you have emergency medical information to share with me, or if you need special arrangements in case the building must be evacuated, please make an appointment......

Words: 1594 - Pages: 7

Premium Essay

Audit

... The Marketing Audit Comes Of Age Philip Kotler, William Gregor and William Rogers Comparing the marketing strategies and tactics of business units today versus ten years ago, the most striking impression is one of marketing strategy obsolescence. Ten years ago US, automobile companies were gearing up for their second postwar race to produce the largest car with the highest horsepower. Today companies are selling increasing numbers of small and medium-size cars and fuel economy is a major selling point. Ten years ago computer companies were introducing ever-more powerful hardware for more sophisticated uses. Today they emphasize mini and microcomputers and software. It is not even necessary to take a ten-year-period to show the rapid obsolescence of marketing strategies. The growth economy of 1950-1970 has been superseded by a volatile economy which produces new strategic surprises almost monthly. Competitors launch new products, customers switch their business, distributors lose their effectiveness, advertising costs skyrocket, government regulations are announced, and consumer groups attack. These changes represent both opportunities and problems and may demand periodic reorientations of the company’s marketing operations. Many companies feel that their marketing operations need regular reviews and overhauls but do not know how to proceed. Some companies simply make many small changes that are economically and politically feasible, but fail to get to the heart of the......

Words: 6893 - Pages: 28

Premium Essay

Is Audit

...of this exercise to ensure that the basic controls required for business exist in the re-engineered process.  The IT Security Policy: The IS Auditor due to extensive engagement with the organisation is able to say which parts of the policy are being complied with and can also offer suggestions on improving compliance and making suitable changes to the IT Policy. He can also offer guidance in those areas which may not be adequately addressed in the policy.  Security Awareness: An effective IS Audit helps increase level of security awareness and compliance with security measures among IT users. This also provides motivation to security officers and system administrators to do their job effectively.  Better Return on Investment: IS audits are not only considered for security nowadays but also performance management and value for IT investments. Therefore, an IS audit can be used for facilitating the effective and efficient use of IT for fulfilling business objectives.  Risk Management: The domain of IS Auditing is moving towards risk Management and an IS auditor is being viewed as a risk management professional particularly in the area of operational risk. Effective risk management for the enterprise is vital, therefore the role of IS auditor is crucial. ISA audits with five categories of audits: 1. Systems and Applications: An audit to verify that systems and applications are appropriate, are efficient, and are adequately controlled to ensure valid, reliable,...

Words: 477 - Pages: 2

Premium Essay

Audit Policy Paper

...Mandatory Auditor Rotation Policy Through the course of an audit, auditors are constantly faced with pressure from the client regarding financial reporting and other issues that may arise. Clients can threaten to terminate the auditor, resulting in lost fees and tarnished reputations as the firm tries to pursue future clients. In these cases, partner evaluations can be negatively affected since they are judged based on hours billed and the number of clients they are able to secure. Mandatory auditor rotation is defined as the obligation to limit the number of years during which the accounting firm may be the auditor of record for a client. The Public Company Accounting Oversight Board (PCAOB) is a strong advocate in favor of mandatory auditor rotation, while a majority of accounting firms are opposed to the idea. Problems are more likely to develop in the initial years of the audit relationship (fraud and bankruptcy) when the auditor tries to gain as much knowledge as possible about the client. According to an American Institute of Certified Public Accountants (AICPA) study (Church and Zhang 2006, page 3), audit failures are three times more likely to occur in the first two years of the auditor-client engagement. Auditor rotations have never been mandated in the United States, and I believe this should continue in the future due to the high costs and decreased auditor effectiveness that would result from continual changes in the auditor-client......

Words: 2151 - Pages: 9

Premium Essay

Audit

...AUDIT TUTORIAL 5 MCQ 1. D 2. B 3. A 4. D SHORT QUESTION 1) The benefits that auditor derives from planning audits are * Helping the auditor to devote appropriate attention to important areas of the audit. * Helping the auditor identify and resolve potential problems on a timely basis. * Helping the auditor properly organize and manage the audit engagement so that it is performed in an effective and efficient manner. * Assisting in the selection of engagement team members with appropriate levels of capabilities and competence to respond to anticipated risks, and the proper assignment of work to them. * Facilitating the direction and supervision of engagement team members and the review of their work. * Assisting, where applicable, in coordination of work done by auditors of components and experts. (Slide 4) 2) The auditor shall obtain an understanding of the following: (a) Relevant industry, regulatory, and other external factors including the applicable financial reporting framework. (b) The nature of the entity, including: (i) its operations; (ii) its ownership and governance structures; (iii) the types of investments that the entity is making and plans to make, including investments in special-purpose entities; and (iv) the way that the......

Words: 1070 - Pages: 5

Premium Essay

Audit

...Audit Charter Authorized by: Date: Internal Audit Facilitator: Date: Audit Planning Identify and prepare internal auditors: | |Responsibilities |Preparation and Training | |Audit Team Leaders* |( Planning. organizing, and directing the audit |( Training in audit methods and practice | | |( Lead the team in reaching audit conclusions |( Audit observation | | |( Prevent and resolve conflicts |( Audit under supervision | | |( Prepare and complete the audit report |( Training and updates in customer, regulatory, | | | |and quality certification requirements | | | |( Training and updates in organization | | | |requirements | | | ...

Words: 654 - Pages: 3

Premium Essay

Audit

...University of Phoenix Material Audit and Business Structure Worksheet Write a response of no more than 150 words for each the following questions: |Compare a review and an audit. What are the differences? What are the similarities? | |The accounting information is the target of the audit. It is a measure to check internal control and financial reporting of the company. | |This entails a plan of action and systematic steps to consistently audit a business. The audit is an objective process of evaluating the | |statements the company makes about its economic condition. It also determines if the company followed the proper procedures in communicating| |the financial results to its users. | |In a review, the accountant receives limited assurance of no material modification made to financial statements. A review is generally | |completed for banks or potential purchasures that a mainly looking for comfort in the financial statement. | |Comparative Features: | |Review-Accountant has limited assurance | |Audit-Auditor obtains high level of assurance ...

Words: 587 - Pages: 3

Premium Essay

Audit

...auditors should communicate so that the team maintains an independent state of mind at all times during the audit. The audit approach and tests/procedures are customized to the fraud assessment made. The audit team can incorporate random testing and sampling approach in the audit work which are difficult to anticipate by the client. Also the team understands where the focus will be as a result of the fraud assessment b. Theft of personal property from the business for the purposes of depriving the owner of its possession is a method of fraud referred to as lapping. Disagreed. Lapping refers to misappropriation of cash receipts. The theft is concealed by manipulation of A/R to cover the cash receipts. The cash received later is recorded toward the original A/R. The fraud is also covered by recording cash transfers to rare expenses or other accounts in G/L. c. A critical evaluation of evidence and professional skepticism are required for all financial statement audits, fraud examinations, and financial forensic examinations. Agreed. A critical evaluation of evidence is required to ensure that what has been stated is not misrepresented. Professional skepticism ensures that the auditor is alert and with a questionable mind to situations which indicate possible misstatements due to error or fraud. d. A client experienced a fire after the year end but before the audit report was issued, and had insufficient insurance to cover the loss of the building. This event......

Words: 2277 - Pages: 10

Premium Essay

Audit

...interest in an audit client. Self review threat It occurs when the audit from a member or audit team put itself in a position of reviewing the subject that previously the member is responsible Familiarity threat It occurs when auditor has a close relationship with the client Advocacy threat It occurs when the audit from a member of the audit team promotes/support or may be perceived to promote an audit client’s position or opinion. Intimidation threat It occurs when a member of the audit team may be deterred from acting objectivity and exercising professional judgment due to pressure given by the audit client to terminate the service. Auditors have an obligation to disclose -where the courts order them to do so -where they suspect their client of offences of terrorism -they suspect the client to be a drug trafficker -under banking, insurance and financial services, they consider the client is either acting recklessly or is not fit & proper person to managing such business. Safeguards Family and other personal relationship Ensure personal relationship do not affect their objectivity Beneficial interests in shares and other investment Dosnt not hold share or ahs a beneficial in shares Loans Should not make or accept loans to or guarantee from audit client Provison of other service Not to perform mgmt. functions or to make mgmt. decision Oversue fees Auditor should collect all outstanding fee in full before providing a new audit......

Words: 6177 - Pages: 25

Premium Essay

Audit

...International Science Press, examines the study of the relationship between internal audit and corporate governance with various argumentations of internal audit activities, attempting to sketch out their relationship. It analyses the contribution of internal audit to corporate governance. Based on what I found in the journal and my opinion, this journal have emphasized the importance of internal audit which is really compulsory for every company to follow as it improves the efficiency and effectiveness of the management and company. Moreover it also have mentioned that the relationship and communication between employer and management is important in internal control which is an effective idea on maintaining employer’s loyalty and reduce fraud. But this journal less focus on the disadvantage of internal control if it is not handled wisely which is really need to be considered before implementing internal audit control system. The journal have explained well on how the internal control benefits the company but as an auditor or a manager, one should also consider the disadvantage that might be faced by the company from internal audit control.  Internal audit control systems have a few weaknesses that business owners must address. First, broad application. Internal audit control systems can be very broad in their application and this can create a weaker internal audit control system. Business owners should attempt to develop a system that focuses on......

Words: 917 - Pages: 4

Premium Essay

Audit

... The attest function is a term often applied to the activities of independent PAs when acting as auditors of financial statements. Since financial statements are prepared by managers of an entity who have authority and responsibility for financial success or failure, an outsider may be skeptical that the statements are objective, free from bias, fully informative, and free from material error--intentional or inadvertent. The audit opinion of an independent-PA auditor helps resolve those doubts because the auditor's success depends upon his independent, objective, and competent assessment of the conformity of the financial statements with GAAP. The auditor's role is to lend credibility to the statements, hence the outsider will likely seek his independent audit opinion. 1-3 Client: the company, board of directors, agency, or some other person or group who retains (hires) the auditor. Usually the party who pays the fee. Auditee: the entity (e.g., business firm, hospital, city government) whose financial information is under audit. Auditors: report to the client on the auditee's financial or control information. Three party accountability consists of the auditor, the accountable party of the auditee such as management of the auditee, and the users. Users include the client as defined above. Traditionally management hired the auditor so that there was some confusion as to who was the true client. New corporate ......

Words: 1498 - Pages: 6

Premium Essay

Audit

...misstatement, whether due to fraud or error. Auditor's Responsibility Our responsibility is to express an opinion on these financial statements based on our audits. We concluded that our audits in accordance with auditing standards generally accepted in the United States of America. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatements. An audit includes examining, on a test basis, evidence that supports the amounts and disclosures in the financial statements. The procedures selected depend on the auditor's judgment which includes the assessment of risks of material misstatements on the financial statements, whether it is due to fraud or errors. When deciding on the risk assessments, the auditor considers internal control relevant to the company's preparation and fair presentation of the financial statements in order to make audit procedures that are appropriate, but not to express an opinion on the effectiveness of the company's internal controls. An audit also includes evaluating the appropriateness of accounting policies that are being used and the reasonableness of major accounting estimates made by management, as well as looking at the overall presentation of the financial statements. We believe that the audit evidence we have gathered is sufficient and appropriate to provide a basis for our opinion. Opinion In our opinion, the financial......

Words: 380 - Pages: 2

Premium Essay

Audit

...This paper is an overall assessment of the financial fraud that occurred at Worldcom. This paper will show that if an operational audit had been conducted how it could have uncovered the fraud at an earlier time. | Initial Survey and Engagement Development  In the introduction survey there are several topics that should have been discussed in the initial survey and engagement development for an audit of Worldcom. When reading the Worldcom case the very first thing that I noticed was there was no written Delegation of Authority (dag). No one really had the ability to say no and there was no approval process for any type money or asset and liability transfers. When the accrual transfers took place, there were people that knew it was bad accounting but they did not have the ability to say no, and if they did, there job was threatened. This in general seems to me to put this company at a very high risk for fraud. Once this dag is established there is a line of signatures that must be obtained in order for anything in regards changes in the accounts to take place must have the correct signature according to the amount of money that is being adjusted. Another question in the initial survey would be a request for information (ROI) in regards to the accounting structure and the accounts that are involved in the area that is going to be audited. Also a ROI for all accrual accounts and back up information for payments. Asset accounts and deposit information will also need to be......

Words: 2593 - Pages: 11

Premium Essay

It Audit

...IT AUDIT REPORT FOR Contents Contents 2 Contents 2 1. Introduction 4 1.1 Purpose 4 1.2 Scope 4 2. Background Information 4 3. Assets Identification 5 4. Threat Assesment 5 5. LAWS, REGULATIONS AND POLICY . 5 5.1 Hospital Policy. 5 5.2 Vulnerabilities. 5 6. PERSONNEL 5 6.2 Management. 6 6.3 Operations. 6 6.4 Development 6 6.5 Vulnerabilities. 7 7. Systems and Applications. 7 7.1 Vulnerabilities. 7 8. Information Processing Facilities (Data Centers) 7 8.1 Vulnerabilities 7 9. Systems Development 8 9.1 Vulnerabilities 8 10. Management of IT and Enterprise Architecture 8 11. Client, Server, Telecommunications, Intranets and Extranets 8 11.1 Building Vulnerabilities 8 11.1 Security Perimeter 8 11.1 Server Area 8 12. Summary 8 12.1 Action Plan 8 1. Introduction • At present the Hospital has 250 beds including 40 adult ICU and 8 Pediatric ICU beds. • The Hospital is well equipped with latest technology like 1.5 Tesla MRI, 6 Slice Spiral CT Scan, Digital X-ray, Mammography, Intense Pulse Light (Cosmetic) and Diabetic Foot Care Equipment’s in the year 2007-08, the hospital provided services to 46000 patients. So far the hospital has repaired approximately 2400 cleft lip and cleft......

Words: 2618 - Pages: 11