IT Can Significantly Impact an Organisation's Overall Control Risk

question 35

Multiple Choice

IT can significantly impact an organisation's overall control risk.Which of the following risks would NOT be important from an auditing perspective?

• A) the potential for material misstatement
• B) use of unreliable information because of processing errors produced by the technology
• C) the inability to retrieve important information because of IT systems failure
• D) none of the above (i.e., they are all important)

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Definitions:

Executive Summary

A concise overview of a business plan or document highlighting the key points, intended for quick reading.

Apparel Company

A business involved in the design, manufacturing, and/or sale of clothing and fashion accessories.