Audit Evidence Analysis: Gail Industries Case Study, BSA/505 Report

This report provides an analysis of audit evidence gathered for Gail Industries, a company managing digital transactions for Fortune 1000 clients, including the city of Smallville. The report assesses the effectiveness of internal controls related to data center access, physical asset security, network infrastructure changes, administrative access, payment processing, and deposit handling. Key findings highlight areas where controls are in place, such as restricted access to computer resources and environmental safeguards. However, the report identifies weaknesses, such as a lack of monitoring of the electronic scheduler on certain dates. The analysis covers the period from January 1, 2018, to December 31, 2018, with audit fieldwork conducted on January 3, 2019. The report concludes with an overview of the evidence gathering process, preliminary findings, and recommendations for communicating to leadership, alongside a list of references.