Control Self-Assessment (CSA) Management Quiz
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Questions and Answers

What is the primary purpose of a control self-assessment (CSA)?

  • To conduct periodic customer surveys
  • To evaluate the performance of the employees
  • To review the financial statements of the enterprise
  • To assess the reliability of the internal control system (correct)

What is one of the benefits of a CSA?

  • Decreased employee knowledge of risk and internal controls
  • Reduced employee awareness of enterprise objectives
  • Development of a sense of ownership of the controls in the employees and process owners (correct)
  • Increased resistance to control improvement initiatives

Who facilitates the self-assessment of IT-related controls?

  • A marketing manager
  • An IT auditor and/or risk manager (correct)
  • A human resources supervisor
  • A finance analyst

What should an IT auditor ensure regarding monitoring activities?

<p>Explicit acknowledgment by management that all monitoring activities are recorded in the enterprise IT risk register (A)</p> Signup and view all the answers

What is the primary purpose of control monitoring?

<p>To verify whether the control is effectively addressing the risk (D)</p> Signup and view all the answers

What is the significance of self-assessment in monitoring controls?

<p>It helps in identifying where corrective actions can be taken (D)</p> Signup and view all the answers

How should the monitoring of controls be based?

<p>Based on data that are relevant to the risk and overall performance (C)</p> Signup and view all the answers

When risk action plans are required, what should be monitored?

<p>The plans to ensure they align with enterprise risk appetite and tolerance (C)</p> Signup and view all the answers

Study Notes

Control Self-Assessment (CSA)

  • Primary purpose of a CSA: to evaluate the design and operating effectiveness of IT-related controls

Benefits of CSA

  • One of the benefits: identifies control deficiencies and opportunities for improvement

Facilitation of Self-Assessment

  • IT management facilitates the self-assessment of IT-related controls

IT Auditor Responsibilities

  • Ensure that monitoring activities are properly documented and tested

Control Monitoring

  • Primary purpose: to provide assurance that controls are operating effectively
  • Significance of self-assessment in monitoring controls: allows for ongoing evaluation of control performance

Monitoring of Controls

  • Should be based on risk and materiality

Risk Action Plans

  • When required, monitoring should focus on progress and completion of remediation activities

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Description

Test your knowledge of control self-assessment (CSA), a management technique used to assure stakeholders about the reliability of internal control systems. Explore the concepts of proactive control reviews, risk awareness, and staff and management involvement.

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