Most important step in risk analysis is to identify
a. Competitors
b. controls
c. vulnerabilities
d. liabilities
:~~ c. vulnerabilities
In a risk based audit planning, an IS auditor's first step is to identify:
a. responsibilities of stakeholders
b. high-risk areas within the organization
...
The risk of an IS auditor certifying existence of proper system and procedures
without using an inadequate test procedure is an example of:
a. internet risk
b. control risk
c. detection risk
d. audit risk
✓ :~~ c. Detection risk
Overall business risk for a particular threat can be expressed as:
a. a product of the probability. and impact
b. probability of occurrence
c. magnitude of impact
d. assumption of the risk assessment team
✓ :~~ a. a product of the probability. and impact
An IS auditor is evaluating management's risk assessment of information systems.
The IS auditor should FIRST review:
a. the controls already in place
Master01 | September, 2024/2025 | Latest update
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