INCIDENTS FOR DISCUSSION Gerkin Pension Services Dana Lasket was the project man
ID: 335299 • Letter: I
Question
INCIDENTS FOR DISCUSSION Gerkin Pension Services Dana Lasket was the project manager of a project with the objective of determining the feasibility of moving a significant portion of Gerkin's computing capacity to another geographical location. Project completion was scheduled for 28 weeks. Dana had the project team motivated, and at the end of the twentieth week the project was on schedule. The next week, during a casual lunch conversation, Dana discovered that the vice-president of finance had serious doubtsExplanation / Answer
Auditing is the procedural tool used to evaluate the business operations and the effectiveness of company’s internal controls. There are 2 types of auditing employed in business: internal audit and external audit. The internal audit team of the company conducts internal audit. External auditing requires audit to be performed by an external party.
The objectives of internal auditing are:
The objectives of external auditing are:
In this case, however, instead of project auditor, a project consultant needs to be hired to conduct a root cause analysis to identify the reason behind disagreement between Dana and VP Finance. The project consultant is an expert in his area of expertise and will be able to suggest a better algorithm to identify and segregate the systems that need to be moved.
Auditing will not be feasible in this case as the auditor inspects and evaluates a situation, he is not involved in conducting a root cause analysis or finding the reason behind an occurrence of event