CASE STUDY 1:

"Westpac has agreed to pay the largest fine in Australian corporate history a $1.3 billion civil penalty for more than 23 million breaches of anti-money laundering laws." ABC News 24/09/2020

You are an internal auditor and have been asked by your Manager to make a report about how this could have been avoided. In your report you need to consider the topics of corporate governance, the Board's role, the audit committee's role and the role of internal audit. Ensure that you explain how they all interrelate.

2)When designing cybersecurity what human behaviours have been studied?

3) Accounting Information Systems can potentially threaten a person's privacy which raises ethical and legal concerns. Explain the ethical and legal concerns with respect to privacy?

4) Corporate governance is the responsibility of the board of directors. What areas should internal audit concentrate on to provide assurance to the Board?

5) The Australian Retailers Association states that "the importance of a retailers supply chain cannot be underestimated." Explain what this means in the context of use of technology in the expenditure cycle.

6) Describe the stages in the revenue cycle? Which stage do you think is the most important and why?

7) Corporate governance is an important concept for the Board and Management to embrace. Do you think IT Governance is just as important? Explain why?