Abstract
This paper examines the nature of controls traditionally applied in the Banking industry to batch transactions. It then looks at the reasons why batch systems introduce the notion of Risk into financial systems and why modern systems are moving towards real-time in order to overcome this Risk. By analysing real-time banking systems, including those driven by the advent of the Internet, the paper identifies the need for an entirely new family of controls and proposes an architecture of Parallel, Autonomous Audit as a framework in which this might be developed.
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© 2002 Springer Science+Business Media New York
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Jones, J. (2002). Integrity and Internal Control in Modern Banking Systems. In: Gertz, M., Guldentops, E., Strous, L. (eds) Integrity, Internal Control and Security in Information Systems. IICIS 2001. IFIP — The International Federation for Information Processing, vol 83. Springer, Boston, MA. https://doi.org/10.1007/978-0-387-35583-2_4
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DOI: https://doi.org/10.1007/978-0-387-35583-2_4
Publisher Name: Springer, Boston, MA
Print ISBN: 978-1-4757-5537-4
Online ISBN: 978-0-387-35583-2
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