- What are compensating controls?
- What are examples of compensating controls?
- Which of the following is often called a compensating control quizlet?
- What is the difference between a compensating and mitigating control?
- What is a compensating control worksheet?
- What are compensating controls PCI?
- When a compensating control exists the absence of a key control?
- What are the types of internal control?
- Which of the following would be preventive control?
- Which of the following is not an example of a preventive control?
- Which of the following is part of the control environment?
- Which of the following is a component of general controls?
- What are the control categories?
- What are the three types of internal control?
- Is a policy a control?
- Which of the following is an example of preventative control?
- Which of the following controls is preventive?
- What are the four types of general control?
- What are the types of management control?
- What are types of controls?
- Is a standard a control?
- Is a procedure considered a control?
- Which is preventive control?
- Which is not a preventive control?
- What are the three types of preventative controls?
- Which of the following is an example of prevention control?
What are compensating controls?
Definition(s): A management, operational, and/or technical control (i.e., safeguard or countermeasure) employed by an organization in lieu of a recommended security control in the low, moderate, or high baselines that provides equivalent or comparable protection for an information system.
What are examples of compensating controls?
Examples of Compensating Controls A single employee has the duties of accepting cash payments, recording the deposit, and reconciling the monthly financial reports. To prevent errors and/or fraud, additional oversight is required.
Which of the following is often called a compensating control quizlet?
Transaction Authorization. Which of the following is often called a compensating control? Supervision.
What is the difference between a compensating and mitigating control?
In the simplest analysis, the difference is this: mitigating controls are meant to reduce the chances of a threat happening while compensating controls are put into place when specific requirements for compliance can’t be met with existing controls. The former is permanent, the latter is temporary.
What is a compensating control worksheet?
Compensating controls are a type of internal control where the entity uses an alternative method to achieve the same result. They are used where there is a technical or business constraint that prevents meeting the stated objective and are a means to mitigate the risk of the original requirement.
What are compensating controls PCI?
PCI Council defines compensating controls as “Compensating controls may be considered when an entity cannot meet a requirement explicitly as stated, due to legitimate technical or documented business constraints, but has sufficiently mitigated the risk associated with the requirement through implementation of other
When a compensating control exists the absence of a key control?
A compensating control is one elsewhere in the system that offsets the absence of a key control. When a compensating control exists, there is no longer a significant deficiency or material weakness. 4. Decide whether there is a significant deficiency or material weakness.
What are the types of internal control?
There are three main types of internal controls: detective, preventative, and corrective. Controls are typically policies and procedures or technical safeguards that are implemented to prevent problems and protect the assets of an organization.
Which of the following would be preventive control?
Examples of preventative controls include policies, standards, processes, procedures, encryption, firewalls, and physical barriers.
Which of the following is not an example of a preventive control?
Duplicate checking of a calculation is a detective control and not a preventive control.
Which of the following is part of the control environment?
The control environment includes the following elements: Integrity and ethical values. Management philosophy and operating style. Organizational structure.
Which of the following is a component of general controls?
General controls are those that relate to all aspects of the IT function. They include controls related to administration, software acquisition and maintenance, physical and on-line security, backup and disaster recovery planning, and hardware controls.
What are the control categories?
There are three main types of internal controls: detective, preventative, and corrective. Controls are typically policies and procedures or technical safeguards that are implemented to prevent problems and protect the assets of an organization.
What are the three types of internal control?
There are three main categories of internal controls: preventative, detective and corrective. Internal controls are characteristically summed up as a series of policies and procedures or technical protections that are put in place to prevent problems and protect the assets of a business organization.
Is a policy a control?
“Policies and procedures” are a key subset of controls. They help manage potential losses from financial, underwriting, regulatory, or claims activities. Historically, companies have catalogued compliance standards and behavioral guidelines into policy manuals or handbooks.
Which of the following is an example of preventative control?
Examples of preventative controls include policies, standards, processes, procedures, encryption, firewalls, and physical barriers.
Which of the following controls is preventive?
Preventive controls attempt to deter or prevent undesirable events from occurring. They are proactive controls that help to prevent a loss. Examples of preventive controls are separation of duties, proper authorization, adequate documentation, and physical control over assets.
What are the four types of general control?
General controls include software controls, physical hardware controls, computer oper- ations controls, data security controls, controls over the systems implementation process, and administrative controls.
What are the types of management control?
These five types of management control systems are (i) cultural controls, (ii) planning controls, (iii) cybernetic controls, (iv) reward and compensation controls and (v) administrative controls.
What are types of controls?
There are three main types of internal controls: detective, preventative, and corrective. Controls are typically policies and procedures or technical safeguards that are implemented to prevent problems and protect the assets of an organization.
Is a standard a control?
Control Objectives are targets or desired conditions to be met that are designed to ensure that policy intent is met. Control Objectives help to establish the scope necessary to address a policy. Standards are finite, quantifiable requirements that satisfy Control Objectives.
Is a procedure considered a control?
Procedures are also commonly referred to as “control activities.” ISACA Glossary: A document containing a detailed description of the steps necessary to perform specific operations in conformance with applicable standards. Procedures are defined as part of processes.
Which is preventive control?
Preventative controls are designed to be implemented prior to a threat event and reduce and/or avoid the likelihood and potential impact of a successful threat event. Examples of preventative controls include policies, standards, processes, procedures, encryption, firewalls, and physical barriers.
Which is not a preventive control?
Duplicate checking of a calculation is a detective control and not a preventive control.
What are the three types of preventative controls?
Preventive ControlsSeparation of duties.Pre-approval of actions and transactions (such as a Travel Authorization)Access controls (such as passwords and Gatorlink authentication)Physical control over assets (i.e. locks on doors or a safe for cash/checks)
Which of the following is an example of prevention control?
They are proactive controls that help to prevent a loss. Examples of preventive controls are separation of duties, proper authorization, adequate documentation, and physical control over assets. Detective controls, on the other hand, attempt to detect undesirable acts.