Risk Management, Internal Controls & Organizational Vulnerabilities

Abstract

Purpose: This is a theme editorial written exclusively by the guest editor for this special issue. This opinion piece demonstrates the impact of technology convergence on the internal control mechanism of an enterprise. It is important for an auditor to be aware of the security hazards faced by financial or the entire organizational information system. Author attempts to bring security systems design and the organizational vulnerabilities in the context of the convergence of communication and networking technologies with the complex information technology in business processes.

Method: This editorial is mostly conceptual analysis of the current state of affairs.

Finding: Being an editorial, there are no specific findings presented in this piece.

Research Limitations: Theme editorials, being conceptual expositions of a particular current issue generally lack support of data analysis. However, advantage can be obtained by the future researchers by designing a study around the theme propounded in it here.

Practical Implications: Its conceptual contribution is mostly knowledge enhancement and skill building for the professional external, internal or information systems auditor and budding researchers in the field of internal controls, new technologies and security.

Originality/Value: It is an original piece written with a purpose of presenting the importance of convergence of technology vis-a-vis its impact on the internal controls in an organization and the matters of security.

Paper Type: Editorial

Keywords: Risk management, internal controls, information systems security, secured systems, managerial auditing, organizational vulnerabilities, technology convergence

JEL Classification: M10, M41, M49