Which of the following BEST enables the timely identification of risk exposure?
Which of the following BEST enables the timely identification of risk exposure?
Control self-assessment (CSA) is the best method for the timely identification of risk exposure because it allows individuals within the organization to assess risk and control processes continuously. This proactive approach promotes early detection of potential risks before they escalate, enabling timely mitigation actions. Unlike internal and external audits, which occur at intervals and may only highlight issues after they have materialized, CSA involves ongoing self-monitoring and immediate action.
answer is A
I also think A- internal audit would discover faster only if its continous in nature..
Stress testing is a test that evaluates how much load a system or application can withstand, and can clarify the behavior and limit points when the load increases. Stress testing can detect system performance problems and possible failures early and identify risks. In particular, it provides an opportunity to address issues before unexpected trouble or performance degradation occurs. B. Although internal audit reviews are also important, stress testing is more direct in identifying risks and evaluates the system's actual performance and response to load.
A: CSA
I think answer should be A as CSA is done before audit review