The PRIMARY advantage of a continuous audit approach is that it:
Select an answer:
A. does not require an IS auditor to collect evidence on system reliability while
processing is taking place.
B. requires the IS auditor to review and follow up immediately on all information
collected.
C. c...
accuracy of the processes in the application system. It may find control flaws in
the application system, but it would be difficult to find the overlap in key controls.
By testing controls to validate whether they are effective, the IS auditor can
identify whether there are overlapping controls; however, the process of
implementing an automated auditing solution would better identify overlapping
controls.
Overall business risk for a particular threat can be expressed as:
Select an answer:
A. a product of the likelihood and magnitude of the impact should a threat
successfully exploit a vulnerability.
B. the magnitude of the impact should a threat source successfully exploit the
vulnerability.
C. the likelihood of a given threat source exploiting a given vulnerability.
D. the collective judgment of the risk assessment team.
✓ :~~ 2-8 The correct answer is A.
Choice A takes into consideration the likelihood and magnitude of the impact and
provides the best measure of the risk to an asset. Choice B provides only the
likelihood of a threat exploiting a vulnerability in the asset but does not provide
the magnitude of the possible damage to the asset. Similarly, choice C considers
only the magnitude of the damage and not the possibility of a threat exploiting a
vulnerability. Choice D defines the risk on an arbitrary basis and is not suitable for
Master01 | September, 2024/2025 | Latest update
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