The Chapter Discussed Eleven Examples of Risks and Threats to Information

question 18

Essay

The chapter discussed eleven examples of risks and threats to information systems and seven enablers from the COBIT framework.Consider the items below, each of which pairs risk with an enabler; explain how the two are related.The first item is done as an example.
a.Fraud/Processes.Every organization should have a process in place for reporting suspected fraud.
b.Information theft/Information.
c.Malicious software/Services, infrastructure and applications.
d.Disclosure of confidential information/Culture, ethics and behavior.
e.Service interruptions and delays/Organizational structures.
f.Fraud/People, skills and competencies.

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Definitions:

Retail Method

An inventory valuation method based on the retail price of goods, used primarily in the retail sector.

Estimated Inventory

is an approximation of the quantity or value of stock on hand, often used for accounting or planning purposes when an actual count is not feasible.

Bean Corporation

A hypothetical name, often used as an example for a company in discussions or illustrations.

Internal Control Objectives

The goals or purposes of systems and processes designed to safeguard assets, ensure accurate financial reporting, and promote operational efficiency.