ACCT74040 Week 02

IT Risks

100

Risk is formally assessed using these two dimensions.

Impact and Likelihood

300

Not separating job duties properly leads to this major risk.

Fraud Risk

500

When a system crashes or goes down, it is this type of risk.

IT/Infrastructure Risk

Internal Controls

100

Controls that stop problems before they happen.

Preventive Controls

300

A bank reconciliation is an example of this type of control.

Detective Control

500

Controls that rely on both human input and system processing fall into this category.

IT-dependent Manual Controls

GEIT

100

GEIT ensures alignment between IT and this broader organizational element.

Business Objectives

300

This GEIT component focuses on ensuring IT delivers expected benefits.

Value Delivery

500

This concept describes evaluating stakeholder needs, setting direction, and monitoring outcomes.

Governance

Frameworks

100

This framework is widely used for internal control over financial reporting.

COSO

300

COBIT evaluates controls using this 0–5 scale concept.

Maturity Model

500

In COSO, this component emphasizes tone at the top and ethical culture.

Control Environment

Trivia

100

This movie features a hacker named Neo discovering reality is a simulation.

The Matrix

300

The only planet in our solar system that rotates on its side.

Uranus

500

Which month has 28 days?

All of them