12 Questions
What is the purpose of control monitoring?
To verify whether the control is effectively addressing the risk
How should the monitoring of controls be based?
On data that are relevant to the risk and overall performance
When risk action plans are required, what should be monitored?
Appropriate risk management practices in alignment with enterprise risk appetite and tolerance
How is control monitoring conducted?
Through self-assessment or independent assurance reviews
What is the main benefit of continuous audit techniques?
Reducing the time lag between system misuse and detection
Which type of automated evaluation technique embeds specially written audit software in the enterprise host application system?
Systems control audit review file (SCARF)
How do continuous audit techniques affect the confidence in the reliability of an IT system?
They improve the security of a system and provide timely detection of failures
What is the purpose of snapshots as an automated evaluation technique?
To take pictures of the processing path of a transaction
What is the purpose of the integrated test facility (ITF) technique?
To set up dummy entities and include them in production files for testing transactions
What is the main function of audit hooks in application systems?
To function as red flags and alert IT auditors to act before an error or irregularity occurs
What does continuous and intermittent simulation (CIS) involve during a process run of a transaction?
Simulating the instruction execution of the application and auditing transactions based on predetermined criteria
How does an IT auditor verify the correctness of computer-processed data using the ITF technique?
By comparing the output with the data that have been independently calculated
Learn about the importance of proven methods for measuring the extent to which IT-related activities support business success, as well as how control monitoring ensures that control requirements, standards, and enterprise policies are being met.
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