Consider the following partially completed risk/control matrix as you answer the questions: Assume the risk/control matrix is organized like the one presented in the chapter.The best entry for Item G is:
A)Financing process
B)Error rates less than 5% are allowable
C)Either financing process or error rates less than 5% are allowable
D)Neither financing process nor error rates less than 5% are allowable

Question

Consider the following partially completed risk/control matrix as you answer the questions:  Assume the risk/control matrix is organized like the one presented in the chapter.The best entry for Item G is:
A)Financing process 
B)Error rates less than 5% are allowable 
C)Either financing process or error rates less than 5% are allowable 
D)Neither financing process nor error rates less than 5% are allowable

Quizplus · Accepted Answer

Item G appears to involve the financing process and the potential for errors. Therefore, the best choice is either the financing process or error rates less than 5% are allowable. Both entries would be relevant controls to mitigate the risk associated with Item G.

Consider the Following Partially Completed Risk/control Matrix as You Answer