Provisioning without APIs: The Challenge to Integrate IT-Systems without Interfaces into an IAM System and a Compliant Solution from the Finance Industry

The Severity of Internal Controls over Financial Reporting Deficiencies: Differences among Types and Industries

FINANCIAL REPORTING ◽

10.3280/fr2014-001003 ◽

2014 ◽

pp. 55-77

Author(s):

Tatiana Mazza ◽

Stefano Azzali

Keyword(s):

Information Technology ◽

Financial Reporting ◽

Internal Control ◽

Service Industry ◽

Listed Companies ◽

Internal Controls ◽

Service Companies ◽

Finance Industry ◽

Material Weaknesses ◽

Fixed Assets

This study analyzes the severity of Internal Control over Financial Reporting deficiencies (Deficiencies, Significant Deficiencies and Material Weaknesses) in a sample of Italian listed companies, in the period 2007- 2012. Using proprietary data the severity of the deficiencies is tested for account-specific, entity level and information technology controls and for industries (manufacturing and services vs finance industries). The results on ICD severity is compared with one of the most frequent ICD (Acc_Period End/Accounting Policies): for account-specific, ICD in revenues, purchase, fixed assets and intangible, loans and insurance are more severe while ICD in Inventory are less severe. Differences in ICD severity have been found in the characteristic account: ICD in loan and insurance for finance industry and ICD in revenue, purchase for manufacturing and service industry are more severe. Finally, we found that ICD in entity level and information technology controls are less severe than account specific ICD in all industries. However, the results on entity level and information technology deficiencies could also mean that the importance of these types of control are under-evaluated by the manufacturing and service companies.

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The Dubai World Islamic Finance Arbitration Center and the Dubai World Islamic Finance Arbitration Center Jurisprudence Office as the Dispute Resolution Center and Mechanism for the Islamic Finance Industry: Issues and a Proposed Framework

Journal of Business and Economics ◽

10.15341/jbe(2155-7950)/05.06.2015/016 ◽

2015 ◽

Vol 6 (5) ◽

pp. 1003-1025

Author(s):

Camille Paldi

Keyword(s):

Dispute Resolution ◽

Islamic Finance ◽

Finance Industry

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General Takaful claims: An experience of Takaful operator in Malaysia

Journal of Emerging Economies and Islamic Research ◽

10.24191/jeeir.v5i4.8833 ◽

2017 ◽

Vol 5 (4) ◽

pp. 18

Author(s):

Amirul Afif Muhamat ◽

Mohamad Nizam Jaafar ◽

Sharifah Faigah Syed Alwi

Keyword(s):

Life Insurance ◽

Islamic Finance ◽

Rigorous Analysis ◽

Finance Industry ◽

General Insurance ◽

Bright Side ◽

Main Components ◽

Islamic Insurance ◽

Gathering Data ◽

Observation Period

Takaful is interchangeably referred as Islamic insurance. In Malaysia, the takaful sector is part of the main components for Islamic finance industry. The business can be divided into two: general and family takaful. To ease understanding on this niche sector; general takaful is comparable to general insurance while family takaful is akin to life insurance with special reference needs to be given on the requirement of the business to adhere to the Islamic precepts. The main business in general takaful is motor takaful and this line of business is faced with high takaful claims. This study appraised the factors which affect the general takaful claims based on the experience of one takaful operator in Malaysia (the name of takaful operator is not disclosed due to confidentiality). The factors are: number of claims; fraud; and coverage for protection. The limitation of this study is that the observation period is only 10 years which limits rigorous analysis to be done. Nevertheless, previous studies in this area depict the same limitation – constraint in gathering data that has long observation period. On the bright side, the data in this study is still capable to produce meaningful results to be referred with regards to this issue – general takaful claims.

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Importance of Personal Data Protection Law for Commercial Air Transport

Transactions on Aerospace Research ◽

10.2478/tar-2017-0004 ◽

2017 ◽

Vol 2017 (1) ◽

pp. 35-44

Author(s):

Dawid Zadura

Keyword(s):

Data Protection ◽

Public Information ◽

Personal Data ◽

Air Transport ◽

Civil Aviation ◽

Aviation Industry ◽

Personal Data Protection ◽

It Systems ◽

Data Protection Law ◽

The Law

Abstract In the review below the author presents a general overview of the selected contemporary legal issues related to the present growth of the aviation industry and the development of aviation technologies. The review is focused on the questions at the intersection of aviation law and personal data protection law. Massive processing of passenger data (Passenger Name Record, PNR) in IT systems is a daily activity for the contemporary aviation industry. Simultaneously, since the mid- 1990s we can observe the rapid growth of personal data protection law as a very new branch of the law. The importance of this new branch of the law for the aviation industry is however still questionable and unclear. This article includes the summary of the author’s own research conducted between 2011 and 2017, in particular his audits in LOT Polish Airlines (June 2011-April 2013) and Lublin Airport (July - September 2013) and the author’s analyses of public information shared by International Civil Aviation Organization (ICAO), International Air Transport Association (IATA), Association of European Airlines (AEA), Civil Aviation Authority (ULC) and (GIODO). The purpose of the author’s research was to determine the applicability of the implementation of technical and organizational measures established by personal data protection law in aviation industry entities.

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Reinforcing the cyber resilience of a credit institution in Industry 4.0

National Interests Priorities and Security ◽

10.24891/ni.16.6.998 ◽

2020 ◽

Vol 16 (6) ◽

pp. 998-1012

Author(s):

G.V. Fedotova ◽

D.D. Tkachenko

Keyword(s):

Content Analysis ◽

Public Administration ◽

Data Security ◽

Industry 4.0 ◽

Credit Institution ◽

Security Systems ◽

Banking Systems ◽

It Systems ◽

Smart Technologies ◽

Banking Development

Subject. The article discusses the modeling of preventive protection of IT systems and evaluates their cyber resilience. Objectives. The study evaluates the existing threats and determines how informatization processes may unfold in the credit segment. Methods. Research is based on methods of regulatory and legislative analysis. We evaluate today’s public administration of cybersecurity in the financial and credit sector. To give a view of the existing situation and sum up the sector’s performance for the recent years, we performed the content analysis of statistics on data hacking and leakages. Results. The article highlights new trends in the financial and credit sector and the growing complexity of data security systems. As proposed by the Bank of Russia, the integration of smart technologies is showed to reinforce the cybersecurity of banking systems. Conclusions and Relevance. The informatization of all banking operation systems, growing complexity of procedures and work logs require new robust resources to be integrated into financial technologies. Stronger cybersecurity should lay a trend in the financial and credit sector in the nearest future. The findings can be used to flag strategic milestones of the banking development in the information-driven society.

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