Big4Guy

Confessions, Thoughts, Observations and Musings of a Big4Guy

Big4Guy

Welcome to Big4Guy.com. Big4Guy is an online resource where I will share with you the latest news, insights, knowledge and some experiences as a Big 4 consultant. We will discuss some of the important issues which organisations are facing today in the areas of information security, security and controls in SAP R/3, Oracle Applications, J.D.Edwards, Peoplesoft and various other ERP's. You will also find information on latest complaince regulations like Sarbanes Oxley, Basel II and so on. Big4guy will also attempt to provide valuable resources for individuals interested in examinations the CISA, CISM, CISSP, PMP and various other security certifications considered essential for entry in any Big 4 accounting, auditing and consulting firms. You are invited to post your comments and viewpoints to posts here. I sincerely hope this online journal will be useful to everyone from a budding student to a professional in the accounting, auditing, management and consultancy professions.

Post details: CISA Exam Question # 7 - Risk Based Audit Approach

10/29/05

12:03:02 am, Categories: CISA Exam, 89 words

CISA Exam Question # 7 - Risk Based Audit Approach

Q). When an IT Auditor is using a Risk-based Audit Program, he would MOST likely focus on which one of the following?

A. Business processes
B. Critical IT applications
C. Corporate objectives
D. Business strategies

Answer:

A risk-based audit approach looks at each business process from a risks and controls angle. The entire purpose of a risk based audit approach is to identify, quantify and analyze the risk. On this basis the impact of the risk materializing can then be found out. Thus, the answer is 'A' Business Processes.