Following an IS audit, which of the following types of risk would be MOST critical to communicate to key stakeholders?
Following an IS audit, which of the following types of risk would be MOST critical to communicate to key stakeholders?
Residual risk represents the risk that remains even after controls have been implemented. This type of risk is critical to communicate to key stakeholders because it provides a clear picture of the actual risk exposure that the organization faces after considering the effectiveness of existing controls. By understanding residual risk, stakeholders can make informed decisions about whether additional controls are needed or if the current risk level is acceptable.
Control Risk This means the control is not operating effectively. If the control is not operating effectively there is no residual risk...
residual risk would be the most critical type of risk to communicate to stakeholders as it represents the risk that remains after controls have been implemented
D-Residual Risk
It should be D
Residual risk
d is answer
Most on D, Residual risk
A - Control risk. Because it means that the controls are not working effectively. Residual riks is the risk accepted and monitored by the business. So there is no big issue with it.
Changing my answer. I still believe Control risk is important. In this case, i would go with AUDIT as audit risk includes all 3 options , Auti Risk=( Control Risk+Residual Risk+Inherent Risk)
Residual risk
Answer: D Residual risk, encompasses both inherent risk (the risk without considering the effect of controls) and control risk (the risk that remains after controls are implemented). Therefore, communicating residual risk provides stakeholders with a comprehensive understanding of the actual risk exposure that the organization faces, taking into account both inherent risks and the effectiveness of controls.
A is correct. It represents an unexpected situation