A key element in a risk analysis is/are:
A. audit planning.
B. controls.
C. vulnerabilities.
D. liabilities.
Answer / guest
Answer: C
Vulnerabilities are a key element in the conduct of a risk
analysis. Audit planning consists of short and long-term
processes that may detect threats to the information assets.
Controls mitigate risks associated with specific threats.
Liabilities are part of business and are not inherently a risk.
| Is This Answer Correct ? | 10 Yes | 2 No |
Which of the following is the MOST effective means of determining which controls are functioning properly in an operating system? A. Consulting with the vendor B. Reviewing the vendor installation guide C. Consulting with the system programmer D. Reviewing the system generation parameters
Which of the following controls will detect MOST effectively the presence of bursts of errors in network transmissions? A. Parity check B. Echo check C. Block sum check D. Cyclic redundancy check
Receiving an EDI transaction and passing it through the communications interface stage usually requires: A. translating and unbundling transactions. B. routing verification procedures. C. passing data to the appropriate application system. D. creating a point of receipt audit log.
When a new system is to be implemented within a short time frame, it is MOST important to: A. finish writing user manuals. B. perform user acceptance testing. C. add last-minute enhancements to functionalities. D. ensure that code has been documented and reviewed.
An IS auditor performing a review of the EFT operations of a retailing company would verify that the customers credit limit is checked before funds are transferred by reviewing the EFT: A. system's interface. B. switch facility. C. personal identification number generating procedure. D. operation backup procedures.
The MOST appropriate person to chair the steering committee for a system development project with significant impact on a business area would be the: A. business analyst. B. chief information officer. C. project manager. D. executive level manager.
The PRIMARY objective of a business continuity and disaster recovery plan should be to: A. safeguard critical IS assets. B. provide for continuity of operations. C. minimize the loss to an organization. D. protect human life.
Which of the following would be a compensating control to mitigate risks resulting from an inadequate segregation of duties? A. Sequence check B. Check digit C. Source documentation retention D. Batch control reconciliations
The use of object-oriented design and development techniques would MOST likely: A. facilitate the ability to reuse modules. B. improve system performance. C. enhance control effectiveness. D. speed up the system development life cycle.
The reason for having controls in an IS environment: A. remains unchanged from a manual environment, but the implemented control features may be different. B. changes from a manual environment, therefore the implemented control features may be different. C. changes from a manual environment, but the implemented control features will be the same. D. remains unchanged from a manual environment and the implemented control features will also be the same.
Which of the following audit procedures would MOST likely be used in an audit of a systems development project? A. Develop test transactions B. Use code comparison utilities C. Develop audit software programs D. Review functional requirements documentation
Which of the following processes describes risk assessment? Risk assessment is: A. subjective. B. objective. C. mathematical. D. statistical.