Control activities mitigate risks that threaten objectives and thus provide reasonable assurance that objectives will be achieved.
Question:
Control activities mitigate risks that threaten objectives and thus provide reasonable assurance that objectives will be achieved.
Risks cover both:
Threats of bad things happening
And threats of missing opportunities.
Some control activities are visible and therefore can be
Instructions
Photograph two different controls you observe around campus and/or the surrounding community. Use your imagination and ingenuity. Each team must work independently to produce a unique set of pictures.
One of the controls photographed must be control designed to mitigate risks of bad things happening
The other control photographed must be control designed to mitigate risks of missing opportunities (that is, controls designed to help something good happen).
For each control activity photographed:
Clearly indicate whether the control is designed to mitigate the threat of bad things happening or the threat of missing opportunities.
Then briefly and separately describe:
The objective that the control activity is designed to help achieve.
The risk that the control activity is designed to mitigate. (Note: The risk you describe must be something other than merely the inverse of the objective.)
How the control activity is meant to operate (that is, how the control works).
As an internal auditor, how would you test the control activity to determine whether it is operating effectively?
Expert Answer:
answer a The intrusion control device is meant to protect the organisations assets from someone who ... View the full answer
