Fill in the Blanks Below with Appropriate Terminology from CoBIT

question 15

Essay

Fill in the blanks below with appropriate terminology from CoBIT.
A. ______ auditors exchange information with one another to maintain strong corporate and IT governance.
B. ______ is directly responsible for choosing a public accounting firm to do external audits.
C. _______ holds IT and information security management accountable for value delivery, an element of IT governance.
D. __________ should provide information about risk management, an element of IT governance, to the board of directors.
E. Information about internal control flows two ways between the audit committee and ______.
F. Internal auditors exchange various kinds of information with corporate employees in ______.
G. Stakeholders rely on _____ for assurance about various forms of control.
H. The board of directors provides information about _____ to shareholders and employees.
I. Through the ___, external auditors interact with the corporate board of directors.j. Ultimately, ____ hold the board of directors accountable with respect to corporate governance.
A. internal and externalb. the audit committeec. the board of directorsd. information technology and information security managemente. external auditorsf. information technology and information security managementg. external auditorsh. financial a

---

Definitions:

Differentiated

The process or strategy of making a product appear distinct from similar products offered by competitors in the market.

Total Revenue

The complete financial income a company collects from the marketplace by selling its goods or services, before any outlays are subtracted.

Total Cost

The sum of all costs incurred by a business in producing a specific level of output, including both fixed and variable costs.

Purely Competitive Firm

A market structure characterized by a large number of small firms, producing homogenous products, with no single firm able to influence market prices due to perfect competition.