A new regulatory standard for data privacy requires an organization to protect personally identifiable information (PII)
Which of the following is MOST important to include in the audit engagement plan to access compliance with the new standard?
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A. B. C. D.D.
When assessing compliance with a new regulatory standard for data privacy that requires the protection of personally identifiable information (PII), the most important item to include in the audit engagement plan is the review of data protection procedures.
Explanation:
Option A: Identification of IT systems that host PII is important to know where PII is stored, but it does not provide any insight into whether or not the PII is adequately protected.
Option B: Review of data loss risk scenarios is important to identify potential vulnerabilities, but it does not provide a complete picture of compliance with the new standard.
Option C: Identification of unencrypted PII is important to know whether PII is encrypted or not, but it does not address the broader issue of whether or not data protection procedures are in place and effective.
Option D: Review of data protection procedures is the most important item to include in the audit engagement plan as it provides a comprehensive evaluation of the organization's policies, procedures, and controls in place to protect PII. It examines whether data protection procedures align with the new regulatory standard, whether they are documented, communicated, and understood by employees, and whether they are regularly reviewed and updated.
In conclusion, while all the options presented are important in assessing compliance with a new regulatory standard for data privacy that requires the protection of personally identifiable information, the most important item to include in the audit engagement plan is the review of data protection procedures.