Understanding EUC Risks (For Beginners)
The course provides an overview of EUC, its advantages, its types, Key Risks associated with End User Computing tools, auditing approach for EUCs, EUC Governance Framework and much more.
What is an EUC - Overview
Why do we use EUCs - Advantages
What is the risk of using EUCs?
Statistics showing the significance of risks associated with EUCs
Definition of EUC
Types of EUC
Key Risks associated with End User Computing tools
Adoping Risk Based Auditing Methodology
Inventory of all EUCs
Identify the critical EUCs
Defining risk profile based on the complexity
Defining risk profile based on the materiality
Assess and Testing of EUC Controls
Assess and Testing of EUC Controls - Continued
Examples of Control deficiencies identified in EUC Audits
Auditing EUCA – Questions to ASK???
Auditing EUCA – Questions to ASK - continued
Auditing EUCA – Questions to ASK - TEST- CONCLUDE!!
Auditing EUCA – Conclude, Report and Recommend
Will the Spreadsheets GO AWAY????/
EUC Governance Framework
Foundation for an Effective Governance Framework
EUC Risk embedded in Key regulations
Case Study 1 - Barclay’s accidentally bought 179 more contracts than they intended
Case Study 2 - Fidelity suffered a loss of $2.6 Billion
Case Study 3 - MI5 makes 1,061 bugging errors
Case Study 4 - Human error costs TransAlta $24-million on contract bids
Case Study 5 - The London Whale