Isaca Certified Information Systems Auditor CISA Question # 93 Topic 10 Discussion
CISA Exam Topic 10 Question 93 Discussion:
Question #: 93
Topic #: 10
An IS auditor is reviewing processes for importing market price data from external data providers. Which of the following findings should the auditor consider MOST critical?
A.
The quality of the data is not monitored.
B.
Imported data is not disposed frequently.
C.
The transfer protocol is not encrypted.
D.
The transfer protocol does not require authentication.
The most critical finding that the IS auditor should consider when reviewing processes for importing market price data from external data providers is that the quality of the data is not monitored. This is because market price data is essential for financial transactions, risk management, valuation and reporting, and any errors or inaccuracies in the data can have significant impact on the organization’s performance, reputation and compliance. The IS auditor should ensure that the organization has established quality criteria and controls for the imported data, such as validity, completeness, timeliness, consistency and accuracy, and that the data is regularly checked and verified against these criteria. The other findings are also important, but not as critical as data quality. References: CISA Review Manual (Digital Version)1, Chapter 5, Section 5.2.7
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