IT Security, Risks and Controls 2

Question 1

Control implications require

Answer 1

1) applications to be adequately tested before use
2) backup of files
3) controlling access to appropriate users
4) adequate documentation
5) application controls and are all examples of control implications

Question 2

Monitoring is a company’s attempt to

Answer 2

assess its internal control on an ongoing basis and make necessary changes whenever needed

Question 3

Examples of information process control goals

Answer 3

(1) input validity
(2) input completeness
(3) input accuracy
(4) update completeness
(5) update accuracy

Question 4

input validity

Answer 4

where input data be approved and reflect accurate economic events

Question 5

input completeness

Answer 5

all valid events are captured

Question 6

input accuracy

Answer 6

all events are captured correctly

Question 7

update completeness

Answer 7

all events are reflected in respective master files

Question 8

update accuracy

Answer 8

all events are reflected correctly within master file