Indicators

Question 1

What are the 3 indicator types?

Answer 1

manual, basic, and scripted

Question 2

which indicator type creates an indicator task for an assignee to complete?

Answer 2

manual

Question 3

supporting data is mandatory for which indicator type

Answer 3

basic

Question 4

on a basic indicator type, designate whether the indicator identifies ….

Answer 4

passed for failed controls

Question 5

Recommended practice is to set up ______ to leverage automation and associate them with _____ and _____

Answer 5

indicator templates, control objectives and risk statements

Question 6

True or False: and indicator template can be related to any combination of control objectives and risk statements

Answer 6

False: it can be related to multiple but not both control objectives and risk statements

Question 7

when indicator template is related to control objective or risk statement with an entity type, how are indicators generated

Answer 7

individual indicators for each entity and related to the correct control or risk

Question 8

What are the 4 steps to build an indicator template?

Answer 8

determine what to measure, determine how to measure, build a basic template, relate template to control objective

Question 9

what are the 4 parts of a basic indicator template

Answer 9

identify table, threshold involved, define conditions, what data needs to be captured