IS Auditor's Guide to Ensuring Legal and Regulatory Compliance

Achieving Compliance: The Key to IS Audit Success

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Question

Which of the following provides an IS auditor the MOST assurance that an organization is compliant with legal and regulatory requirements?

Answers

Explanations

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A. B. C. D.

B.

Among the given options, the most assuring evidence that an organization is compliant with legal and regulatory requirements is option B, which states that controls associated with legal and regulatory requirements have been identified and tested.

Explanation:

Option A stating that the IT manager is responsible for compliance with legal and regulatory requirements is not a sufficient assurance for an IS auditor, as compliance is the responsibility of the entire organization and not just the IT department. Moreover, there is no evidence that the IT manager has implemented the controls necessary to achieve compliance.

Option C stating that senior management has provided attestation of legal and regulatory compliance is not as assuring as option B, as attestation only provides a high-level assertion and does not provide specific details on the controls implemented and tested to achieve compliance.

Option D stating that there is no history of complaints or fines from regulators regarding noncompliance is also not as assuring as option B, as the absence of complaints or fines does not necessarily indicate compliance. It could be that noncompliance has not been detected or reported.

Therefore, option B is the best answer as it provides the most direct evidence that the organization has identified and implemented the necessary controls to comply with legal and regulatory requirements, and that these controls have been tested to ensure their effectiveness.