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• eBook

  IT-Audit

  Grundlagen - Prüfungsprozess - Best Practice
  

  978-3-503-19125-3

  Dr. Stefan Beißel

  …Die Prüfung von Sicherheit, Wirtschaftlichkeit und Ordnungsmäßigkeit der IT spielt in zunehmend digitalen, datenintensiven Arbeits- und…
• eBook-Kapitel aus dem Buch Accounting Fraud

  Case 7: Waste Management (1997)

  Prof. Dr. Klaus Henselmann, Dr. Stefan Hofmann

  …scandal that is far more than just a financial history lesson. It portrays a multiyear effort to inflate reported profits at Waste Management, Inc. (WMI)… …, using fraudulent accounting practices that allowed the company to hide about USD 1.7 billion in expenses from 1992 through part of 1997. It also… …client”. It indicated that WMI actively managed re- ported results, had a history of making significant fourth quarter adjustments, and was in an industry… …later described it as a “boondoggle”. Obviously lacking auditor independence, Andersen had too cozy a relationship with WMI. Eventually, Andersen… …Ander- sen’s willingness to bend on such issues was a result of the fees it was receiving from WMI. Andersen had actually quantified the misstatements and… …had annually presented company management with what it called “Proposed Adjusting Journal Entries” (PAJEs) to correct the misstatements. But WMI… …equipment”; then, it depreciated these costs over forty years) – avoided depreciation expenses on their garbage trucks by assigning unsup- ported and… …those assumptions, keeping the revi- sions hidden from the subsidiaries. “Keeping the process secret and centralizing it made it especially easy for top…

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• eBook-Kapitel aus dem Buch Global Management Challenges for Internal Auditors

  Audit Marketing

  Dr. Hannes Schuh

  …targeted marketing measures. It is worth considering audit marketing beyond the numerous, mainly process-oriented measures available in the literature and… …organization? On the one hand audit marketing focuses on the position of Internal Audit Unit in the company, while on the other it is also associated with… …the marketing-oriented focus of the overall organization based on the claim that it adds value. This means that the message at the heart of its… …relevant publications and attendance at internal and external events, it is particularly important to present possible development paths, the education con-… …cept, the systematic preparation for management tasks transparently and where pos- sible to support these with examples. It also makes sense to show… …, the following appears to be relevant: – Internal Audit Unit acts independently. – It knows the administrative culture precisely. – It can address… …litera- ture and opens up new methods. It seems important to be aware that, although IA offers only a few products, these are diverse, that these have…

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• eBook-Kapitel aus dem Buch Accounting Fraud

  Case 13: WorldCom (2002)

  Prof. Dr. Klaus Henselmann, Dr. Stefan Hofmann

  …was going to be the next fraudulent company. It turned out to be WorldCom, Inc., at the time the second largest long-distance telecommunications… …SEC said that WorldCom’s accounting improprieties were of “unprecedented magnitude”. But as enormous as the fraud was, it was accomplished in a… …relatively mundane way. The modus oper- andi of the fraud was rather simple, and it was carried out over a comparatively short period of time. Yet the… …Corp. because of antitrust objections. WorldCom’s position as fast-growing provider of integrated telecommunications services (it provided a broad… …demanded that his subordinates met those expectations. It was when he had the greatest need to keep WorldCom’s stock price up that the largest part of the… …standards others will follow.” It was shortly after Ebbers had left that the fraud was discovered and disclosed. Fraud detection and disclosure As… …that it was not her problem. When she continued to raise her concerns, she was told by WorldCom’s CFO, Scott Sullivan (to whom internal audit reported)… …advised of the issue, took it seriously and directed prompt attention to it. On June 20, Cooper attended an audit committee meeting at which Sullivan was… …. Accounting Fraud in U.S. Companies 95 WorldCom announced that it intended to restate its financial statements for 2001 and the first quarter of… …2002. It stated that certain transfers from “line cost expenses” to asset accounts, totalling USD 3.85 billion during this period, were not made in…

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• eBook-Kapitel aus dem Buch IT-Governance

  IT-Governance

  Christopher Rentrop

  …näher betrachtet werden. Hierzu wird zunächst hergeleitet, inwiefern IT ein Feld für kollektive Entschei- dungen darstellt. Im Anschluss werden… …verschiedene Definitionen des Begriffs IT-Governance nebeneinandergestellt und abgeglichen. 3.1 IT als Handlungsfeld kollektiver Entscheidungen Vor Beginn der… …Entscheidungen hinsichtlich der Ausrichtung der IT im Unternehmen sowie das Leistungsangebot der IT; in diesem Bereich werden also die Entscheidungen hinsichtlich… …des „Warum“ und des „Was“ der IT getroffen. Als zweiter Bereich lassen sich Entscheidungen über die Arbeitsteilung zwischen den Fachbereichen und der IT… …einerseits sowie externen Lieferanten andererseits abgrenzen. In diesem Bereich wird demnach über das „Wer“ der IT entschieden. Als drittes ist über die… …Ausgestaltung der IT-Leistungserstellung, dabei vor allem das Leistungsniveau sowie die Formali- sierung zu entscheiden. Dies kann auch als das „Wie“ der IT… …tatsächlich kollek- tive Entscheidungen darstellen. Dabei könnte ausgehend von dem Gedanken, dass IT im Wesentlichen der Unterstützung betrieblicher Funktionen… …dient, angenommen werden, dass jeder Mitarbeiter oder jede Abteilung im Unterneh- men über die genutzte IT selbst entscheiden kann. Bei dem Gedanken wird… …den Unternehmen verschiedene Entscheidungsbeteiligte gibt und die IT also einer Governance bedarf. Aus dieser Argumentation ergibt sich auch, dass die… …der Corporate Governance auf der einen Seite sowie des in der Einleitung beschriebenen strategischen Alignments von Fachbereich und IT andererseits hat…

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• eBook-Kapitel aus dem Buch IT-Compliance

  Treiber von IT-Compliance

  Dr. Michael Rath, Rainer Sponholz

  …und Umstände dazu führen können, dass regulatorische Anfor- derungen an die IT gestellt werden. 3.1 Überblick Wie in den vorangegangenen Kapiteln… …(SOX) eben diesen Weg, ein dokumentiertes IKS im Rechnungs- wesen zu fordern, welches nun auch im Bereich der IT umgesetzt werden muss. Etliche… …führte also zu weiteren Anforderungen an die IT und ist damit ebenfalls Teil der IT-Compliance. Entwicklung regulatorischer Anforderungen von 2000 bis… …IT veröffentlichen. Es entstand eine Situation der Unübersichtlichkeit, die letztlich auch den Anlass für diese Publikation gab, mit dem Ansinnen, die… …Durch die Verkürzung der Entwicklungs- und Produktzyklen und die Auswei- tung der Einsatzmöglichkeiten der Informationstechnologie erhöht sich dieser… …Informationstechnologie durch Informationsnetze, computergesteu- erten Handel und fast durchgängige Börsenöffnungszeiten rund um den Globus eine… …Krisen wie auch die Erweiterung der regulatorischen Anforderungen sind noch nicht abgeschlossen. Die Informationstechnologie, als wesentliches Werkzeug… …der New York Stock Ex- change (NYSE) gehandelt werden, ist verpflichtet, das Interne Kontrollsystem im Bereich der Informationstechnologie gemäß dem… …richtete das IDW einen Fachausschuss für Informationstechnologie (FAIT) ein, der sich mit den aus der Informationstechnologie resultierenden Fragen… …Buchführung versucht wurde, mit dem Fortschritt der Informationstechnologie mitzuhalten. Die korrekte und abschließende Anwen- dung dieser Anforderungen bleibt…

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• BSI-Lagebericht: Cyberrisiken so hoch wie nie

  …Qualität von IT- und Software-Produkten. Jede Schwachstelle in Soft- oder Hardware-Produkten sei ein potenzielles Einfallstor für Angreifer und gefährde die…
• eBook-Kapitel aus dem Buch Accounting Fraud

  Case 35: Parmalat (Italy, 2003)

  Prof. Dr. Klaus Henselmann, Dr. Stefan Hofmann

  …course of a decade. Many analysts took to calling Parmalat “Europe’s Enron”. Indeed, the scandal was so massive that it compares to Enron, WorldCom and… …that its accounting principles were in line with established international accounting standards as well as Italian standards. Yet it appeared not to be… …originality and unique appeal of Parmalat milk soon made it very popular and business expanded to other parts of Italy. Parmalat tried to style itself as the… …“Coca-Cola of milk”. In 1990, Parmalat was listed on the Milan stock exchange – and Tanzi built it into an Italian powerhouse with operations in some… …discovered. The collapse: How it all happened But as Tanzi’s empire grew, so did the debts. Some of the best-known European and American bank… …network of offshore shell companies. Whereas at first, Parmalat did not conform to the usual profile of a risky enterprise, it now operated through a… …, the Isle of Man and Malta. In early December 2003, analysts began to raise questions about Parmalat’s liquidity when the company let it be… …known that it could not access about EUR 500 million in supposedly liquid funds held in an obscure Cayman Islands-registered investment fund called… …“Epicu- rum”. Parmalat soon shocked financial markets when it revealed that it was having trouble coming up with the money to make a EUR 150 million bond… …repayment even though it supposedly had billions in cash and cash equivalents. The scandal came to light with the revelation of a non-existent bank…

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• eJournal-Artikel aus "PinG Privacy in Germany" Ausgabe 6/2025

  An Introduction to Indigenous Data Privacy and Sovereignty

  Shana Morgan

  …world’s estimated 476 million Indigenous Peoples, meaningful data privacy and sovereignty has become a critical issue. As it stands, current data governance… …collected and ­commodified at the speed of light, it is imperative to consider an alternative and complementary approach. I. Basic Definitions In order to… …protections for Indigenous Peoples. Further, it contributes to imbalanced dynamics between Indigenous Peoples and government, limiting the ability of Indigenous… …about the use of Indigenous data and the need for Indigenous Peoples to protect their rights and interests as it pertains to this data. 16 The CARE… …result is research that has little to no benefit, because it is rife with biases, misinterpretation of the data, and minimal participation. 17 See fn 5. 18…

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• eBook-Kapitel aus dem Buch Accounting Fraud

  Case 12: Enron (2001)

  Prof. Dr. Klaus Henselmann, Dr. Stefan Hofmann

  …become synonymous with corporate malfeasance. However, compared to other accounting frauds, the Enron fraud was very complicated; it involved many… …reports. They didn’t have to lie. All they had to do was to obfuscate it with sheer complexity – although they lied, too.” The impact of the fraud was… …far-reaching, to say the least. It led to the bankruptcy of the once high-flying energy company in late 2001, marking one of the biggest corporate failures in… …since October 1929”. Besides, the fraud ushered in a wave of prosecutions against white-collar crime at the highest levels of American business, and it… …originated a strong reaction (possibly an overreaction) from the regulatory bodies as well. Thus, it is of great importance to understand what actually… …business model: create a “gas bank” in which Enron would buy gas from a network of suppliers and sell it to customers, contractually guaranteeing both the… …outside the United States. The market endorsed Enron’s “new economy” business strategy. In 2000, Enron reported revenues of USD 101 billion, making it… …of these negative developments, it is quite astonishing that by the end of the year, Enron’s image was in tatters and its stock price had plummeted… …(primarily for the water and broadband businesses). It also disclosed a mysterious USD 1.2 billion reduction in shareholder equity, mainly as a result of the… …reversal of dealings with certain off-balance-sheet partnerships, called “the Raptors” (October 16). - Enron announced that it had changed plan…

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