risk management

Download Free IT Risk Register Database Template used as part of IT Risk Management process. This Risk Register help you to define and manage IT risk in your company.

1. Risk
- Failure to deliver
- New process not in place
- Programme becomes unviable
- Failure to take the opportunity to
- Building refurbishment delayed

Download Free IT Risk Analysis Templates

Risk 1: Data corruption through loss or alteration of data without the application’s knowledge and consent
Source:
1. Faulty hardware (bit loss or incorrect ordering)
2. Software bugs (unexpected conditions reached and responded to incorrectly)
3. User or IT administrator error (accidental file deletion)

Risk 2: Downtime and/or data corruption through application errors

Download Free SAS 70 (Statement on Auditing Standards no 70) Service Auditor’s Opinion Templates


To XYZ Service Organization:
We have examined the accompanying description of controls related to the ABC application of XYZ Service Organization. Our examination included procedures to obtain reasonable assurance about whether
(1) The accompanying description presents fairly, in all material respects, the aspects of XYZ Service Organization’s controls that may be relevant to a user organization’s internal control as it relates to an audit of financial statements,

(2) The controls included in the description were suitably designed to achieve the control objectives specified in the description, if those controls were complied with satisfactorily, and

(3) Such controls had been placed in operation as of .

1. Unauthorized use by an authorized user of system resources for which he or she lacks formal approval

2. Unauthorized access by former users whose accounts were not deleted on departure

3. Unauthorized use of system resources by individuals who have physical access to the resources but who are not authorized users of the resources • Hacker penetrations of system resources

4. Undetected or uncorrected vulnerabilities that, when exploited, allow unauthorized access

5. Masquerading, which involves posing as an authorized user or program to gain access to system resources—for example, a program such as a Trojan horse may act like another program to gain information

Download free Risk Assessment audit program, this audit program could be used for assess, at a high level, and validate key controls in place for the risk assessment component of the COSO framework. Inadequate or ineffective controls in this area may give rise to financial and operational risks.

Risks addressed in this audit work program include:

* Management does not have a business planning process in place that examines existing objectives and establishes new objectives when necessary.
* Management has not established business plans and budgets with realistic goals, and incentives for achievement of plans are not balanced.