Which of the Following Is the FIRST Thing to Consider

question 321

Multiple Choice

Which of the following is the FIRST thing to consider when reviewing Information Technology (IT) internal controls?

• A) The risk culture of the organization
• B) The impact of the control
• C) The nature of the risk
• D) The cost of the control

---

Definitions:

Conclusion

The final part of a document or speech that summarizes the main points or findings.

Financial Statements

Reports that present the financial performance, position, and cash flows of a company, used by stakeholders to make informed decisions.

Generally Accepted Accounting Principles

A framework of accounting rules, standards, and procedures that companies must follow when compiling their financial statements in the United States.

Modified Opinion

A type of audit opinion suggesting that the auditor has reservations about certain aspects of the company's financial statements.