Which of the following processes describes risk assessment?
Risk assessment is:
A. subjective.
B. objective.
C. mathematical.
D. statistical.
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Answer: A
"The IS auditing guideline on the use of a risk assessment
in audit planning states, "
All risk assessment methodologies rely on subjective
judgments at some point in the process (e.g., for assigning
weightings to the various parameters). The IS auditor should
identify the subjective decisions required in order to use a
particular methodology and consider whether these judgments
can be made and validated to an appropriate level of accuracy."
"
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