2.6.1 Waterfall Model Description: Sequential, linear approach where each phase must be completed before the next begins. Key Characteristics: Sequential phases with limited overlap. Heavy emphasis on planning, schedules, budgets, and documentation. Formal sign-offs after each phase. Strengths: Suitable for less experienced teams. Easy to track progress. Ensures quality, reliability, and maintainability. Weaknesses: Inflexible and
1. Feasibility Study Purpose: Evaluate technical, economic, and social feasibility to determine strategic benefits and ROI. Activities: Identify cost savings, justify business needs, build a business case. Role of IS Auditor: Review documentation for reasonableness. Verify cost justification and benefit schedules. Ensure alternate solutions are reasonable. Validate business needs for system development or acquisition. 2.
Project Initiation When stakeholders or senior management decide to undertake computerization, a project must be formally initiated. Key examples of formal project initiation include: New Business Application Development: Addressing business processes like HR management, billing, or order processing. Adoption of New Technology: Leveraging advantageous technologies such as internet-based advertising. Problem Rectification in Business Processes: For
Question 1 Which of the following factors should not be considered in establishing the priority of audits included in an annual audit plan? A. Prior audit findings B. The time period since the last audit C. Auditee procedural changes D. Use of audit software Answer: D. Use of audit software Explanation: Audit software is just
CAATs (Computer-Assisted Audit Techniques) का उपयोग सूचना प्रणाली (Information Systems) के ऑडिट में डेटा के विशाल संग्रह का विश्लेषण करने, धोखाधड़ी का पता लगाने, और नियंत्रणों (Controls) का मूल्यांकन करने के लिए किया जाता है। IS ऑडिटर को सही प्रकार के CAATs का चयन करते समय गुणवत्ता (Quality) और लागत (Cost) के बीच संतुलन बनाना
📚 1. Introduction to Follow-Up Review The Follow-Up Review is an integral part of the audit process, ensuring that the agreed-upon recommendations from a prior audit are properly implemented and that corrective actions have been taken effectively. Without a structured follow-up, audit findings may remain unresolved, weakening the organization’s internal controls and increasing risks. ISACA
Materiality Materiality का मतलब है “महत्वपूर्ण होना”। जब कोई जानकारी, गलती, या घटना इतनी जरूरी होती है कि वह किसी व्यक्ति के फैसले को बदल सकती है, तो उसे Material (महत्वपूर्ण) कहा जाता है। आसान शब्दों में: अगर कोई चीज़ महत्वपूर्ण है, तो वह Material है। अगर कोई चीज़ छोटी या अनदेखी करने लायक है,
IT Risk Management: Identifying and Mitigating Threats In today’s fast-paced and technology-driven world, IT infrastructure, cybersecurity protocols, and data management systems have become integral to risk management strategies. Risk management has become an essential aspect of organizational strategy, focusing on protecting digital assets, cloud storage systems, and network security frameworks. It is a systematic process
Corporate Social Responsibility (CSR) isn’t just a legal requirement—it’s a powerful commitment by companies to create a positive impact on society, the environment, and the economy. In India, CSR is not just about profit margins; it’s about building trust, creating opportunities, and driving meaningful change. — 1. Who Needs to Follow CSR Rules? Companies meeting
Introduction to Data Analytics In today’s data-driven world, Data Analytics plays a crucial role in helping organizations make informed decisions. Data analytics refers to the process of examining, cleaning, transforming, and interpreting data to extract valuable insights. It can be broadly classified into four main types: 1. Descriptive Analytics 2. Diagnostic Analytics 3. Predictive Analytics
