Types of Trial Balance and Preparation of a Trial Balance
A trial balance is a list of debits and credit items (assets/liabilities/income/expenses) extracted from the closing balance in each account of the general ledger. This type of report is generated in a double-entry account format before the finalization of the balance sheet on a certain date, usually at the end of an accounting period. There…
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Understanding Information Security (I.S) and I.S audit
IS security or information security refers to the protection of information systems against unauthorized access to or modification of information, whether in storage, processing, or transit, and against the denial of service to authorized users, that includes those measures necessary to detect, document, and counter such threats. It protects information, processes, and communication and protects…
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Evaluation requirement for IT security
Evaluation requirement for IT Security refers to the procedure of conducting regular reviews and checks of IT systems to ensure compliance with organizational security policies, standards, and procedures, as well as industry best practices. India has a few IT evaluation requirements, including Common Criteria (CC) Certification, Indian Common Criteria Certification Scheme (IC3S), IoT System Certification…
Read article Computer Audit/IT Audit
Computer audits, also known as IT audits, are important because they help organizations protect their information assets, ensure compliance with regulations, and improve the efficiency of their IT operations. The objective of computer control audits is to determine whether computer controls effectively support the confidentiality, integrity, and availability of information systems. Controls provide reasonable assurance…
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Control Mechanism for Risk Concern in Computer network
A Security Mechanism for Risk Concern Areas in Computer Networks is a method or technology that protects data and systems from unauthorized access, attacks, and other threats. A cyber threat or cyber-security threat is a malicious act that generally hunts for damaging data, steals data or disrupts digital life. The perpetrators of these attacks are…
Impact of IT on Banks and Fintech Disruption: Overview
The banking sector has undergone an intense transformation in recent years, driven by rapid advancements in technology. The initial stages of the Advanced Ledger Posting Machine (ALPM), Total Branch Automation (TBA) was a technology development that existed before the Core Banking Solution (CBS). Digital transformation has fundamentally transformed the banking sector, reshaping how financial institutions…
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