Cost benefit analysis within organization security management

Abstract

The present time is constantly evolving, advancing and bringing new challenges and threats that may have an adverse impact on individuals and organizations. Each organization must adapt its activities to the current situation. It must also take care of its security, which it needs to ensure its existence, successful functioning and continuous improvement of its position within the global environment. Security must therefore be part of the organization’s main strategies. Therefore, appropriate attention should be paid to security and the organization should regularly allocate sufficient resources to ensure its security. The aim of this article is to point out the possibilities of using the CBA method in the framework of security management in the concept of socially responsible business. The CBA method provides scope to develop and incorporate its methodological framework into standard risk management practices within a company by assessing the costs and benefits of the proposed preventive measures related to ensuring the required level of security within the organization.

Beneish M-score: A measure of fraudulent financial transactions in global environment?

“…GMI calculates the gross margin of the previous period to the gross margin of the current year. The values of this indicator are very close to zero in each analyse period (the value is slightly over the limit in 2017 in Slovakia), indicating the gross margins were not deteriorated; usually there is a positive dependence between GMI and probability of earnings management practices [20,21]. AQI index analyses the ratio of non-current assets to total assets in current year to the previous one.…”

Earnings management under a global magnifier

“…[21] note that a close look at the nonprofit organizations confirms the view that in practice, not-for-profit organizations are subject to management tools that are effective in the commercial sphere, although the objectives of their functioning are fundamentally opposite. The study realized by [22] assesses the effectiveness of quantified financial flows related to the cost by the analysis by cost-benefit analysis. The investigation emphasizes the fact that the reduced risks should be acceptable in terms both of a community-wide but also of an operator's point of view and [23] add that the reduction of the risk is connected with fulfilling a number of technical and operational conditions and requirements.…”

Influence of the Environment on the Reliability of Security Magnetic Contacts

“…In addition to the functional point of view, it is necessary to take into account the economic aspect, the value of which can be directly validated according to the needs of the secured object. Components of alarm systems are electrical devices for which the more expensive are not necessarily higher quality [ 29 , 30 ]. Knowledge of the probability of failure of a selected system component is very important for the effective design of the system.…”