Information Technology Auditing: A Value-Added IT Governance Partnership between IT Management and Audit

Information systems provide both the means for organizations to transact business and the ability to report the financial results of their operations. Information technology auditing is an integral part of corporate governance. However, information technology auditing is often looked upon as a “necessary evil” or is overlooked entirely by IT management We argue that IT audit activities can provide additional value beyond the primary objective of assurance, assuming the organization embraces IT governance partnerships between IT management and the audit function. We also analyze factors developed from field study research that suggest IT audits are special projects requiring a quality audit process and sound project management principles. These success factors, if managed properly, can lead to high-quality IT audit products (i.e., engagements) that could conceivably free audit resources for more value-added projects and enterprise oversight. We close with a discussion of future research directions

Implementation of food waste composting in Malaysia

As urbanisation continues to occurring, waste management is becoming one of the major environmental problems around the world, including Malaysia. The generation of Municipal Solid Waste (MSW) in Malaysia has increased more than 91% over the past decades. Based on waste composition, food waste was indicated as the main waste component. Thus, recycling of food waste through composting had emerged as a potentially viable means that local governments can reduce the waste volume that is entering the landfills. Furthermore, MSW management in Malaysia can be considered as relatively poor and disorganized. The most preferred of MSW disposal method is through landfill due to various factors. This article elaborates on composting that gives benefits to Malaysian. This paper also exposes strategy to implement the composting in Malaysia by focusing on Food Waste Management Development Plan for the Industry, Commercial and Institution Sector. The current methods of food waste composting that are applied in Malaysia are also discussed in this paper. Finally, this paper reveals the challenges towards food waste composting in Malaysia

Implementing the Codes of Conducts: a real provocation for the Romanian Garment Industry Case Study field research in 2 Romanian work wear producing companies

CCC_08_08_26_eng_ROMANIAN_STUDY.pdf: 154 downloads, before Oct. 1, 2020

UK-wide evaluation of the Millennium Volunteers Programme

The Millennium Volunteers programme is a UK-wide government supported initiative designed to promote sustained volunteering among young people aged 16-24

What is an Effective Audit, and How Can You Tell?

The Combined Code requires that audit committees conduct an annual evaluation of the effectiveness of the audit process. In order for this to be done properly, committees need to determine what they mean by effectiveness, and to implement appropriate procedures for the evaluation. Audit effectiveness means different things to different people. Formal definitions revolve around the quality, competence, procedures and independence of the audit firm. In practice, the effective audit is less easy to identify than the ineffective audit. However, the latter may only come to light if problems surface at some future time. If there are no underlying problems, the fact that an audit was ineffective may not be apparent. The output of an audit is in the form of a series of reports and presentations. To some extent, the effectiveness of the audit is judged on these, and on the level of service given by the audit firm. The outcome of an effective audit includes financial statements that present a true and fair view, and advice on how the company's processes may be improved. An effective audit is completed to schedule, and with minimal disruption to the company. Prerequisites for an effective audit are an effective audit firm and team. The firm needs sound procedures; the team needs an understanding of the company and industry, together with judgement, objectivity and independence of mind. Some audit committees use checklists as a means to evaluate the effectiveness of their audits. Others choose to do the evaluation in a less formal way, by means of a discussion. In either case, the input of management is essential to the process, as the audit committee members are at a remove from the detail of the audit process. Increased regulation over the past few years has led to pressure on auditors. There is some fear that too much time is being spent on boilerplate and audit checklists, in order to meet review requirements. Audit working papers have improved, but not necessarily audit effectiveness. There is a commercial requirement for auditors to keep fees down, by working more efficiently. However, this must not lead to the audits being less effective