Cadbury the Committee on the Financial Aspects of Corporate Governance, set up in May 1991 by the UK Financial Reporting Council, the London Stock Exchange and the UK accountancy profession, was chaired by Sir Adrian Cadbury and produced a report on the subject commonly known, in the UK, as the Cadbury Report. COCO Criteria Of Control, published by the Canadian Institute of Chartered Accountants in 1995. Compliance Testing tests of control designed to obtain audit evidence on both the effectiveness of the controls and their operation during the audit period. Computer Assisted Audit Techniques see CAATs Control Risk the risk that an error which could occur in an audit area, and which could be material, individually or in combination with other errors, will not be prevented or detected and corrected on a timely basis by the internal control system. Corporate Governance the system by which organisations are directed and controlled.
Boards of directors are responsible for the governance of their organisation.
Detailed IS Controls controls over the acquisition, implementation, delivery and support of IS systems and services. They are made up of application controls plus those general controls not included in pervasive controls. Detection Risk the risk that the IS Auditor's substantive procedures will not detect an error which could be material, individually or in combination with other errors. Due Care diligence which a person would exercise under a given set of circumstances. Due Professional Care diligence which a person, who possesses a special skill, would exercise under a given set of circumstances.