Your current system is deemed to be 90% reliable. A major threat has been identified with an
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Your current system is deemed to be 90% reliable. A major threat has been identified with an impact of $3,000,000. Two control procedures exist to deal with the threat. Implementation of control A would cost $100,000 and reduce the likelihood to 6%. Implementation of control B would cost $140,000 and reduce the likelihood to 4%. Implementation of both controls would cost $220,000 and reduce the likelihood to 2%. Given the data, and based solely on an economic analysis of costs and benefits, what should you do?
a. Implement control A only.
b. Implement control B only.
c. Implement both controls A and B.
d. Implement neither control.
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Related Book For
Accounting Information Systems
ISBN: 9781292060521
13th Global Edition
Authors: Marshall B. Romney, Paul John Steinbart
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