When auditing the IT governance of an organization planning to outsource a critical financial application to a cloud vendor, the MOST important consideration for the auditor should be:
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A. B. C. D.D.
As an auditor auditing the IT governance of an organization planning to outsource a critical financial application to a cloud vendor, the MOST important consideration for the auditor should be the alignment with business requirements.
Here's why:
A. The cost of the outsourced system: While the cost of the outsourced system is an important consideration for the organization, it is not the most important consideration for the auditor. As an auditor, the focus should be on ensuring that the organization has made a well-informed decision based on their business needs and that the cost is reasonable for the services provided.
B. The inclusion of a service termination clause: While a service termination clause is important, it is not the most important consideration for the auditor. The auditor should ensure that the organization has appropriate service level agreements (SLAs) in place with the cloud vendor, which should include provisions for termination, but this is just one aspect of a broader set of considerations.
C. Alignment with industry standards: Alignment with industry standards is also important, but it is not the most important consideration for the auditor. While adherence to industry standards can provide some level of assurance, it is not a substitute for a thorough assessment of the cloud vendor's capabilities to meet the organization's specific business requirements.
D. Alignment with business requirements: The alignment of the cloud vendor's capabilities with the organization's business requirements is the MOST important consideration for the auditor. The auditor should ensure that the organization has conducted a thorough evaluation of the cloud vendor's capabilities to meet their business needs, including functional and non-functional requirements such as security, availability, performance, and data privacy. The auditor should also verify that the organization has assessed the vendor's financial stability and contractual terms and conditions to ensure they are aligned with the organization's needs.
In summary, while all of the considerations listed are important, the alignment with business requirements is the MOST important consideration for the auditor. It is critical that the organization's decision to outsource to a cloud vendor is based on a thorough assessment of the vendor's capabilities to meet their specific business needs, and the auditor should ensure that this assessment has been conducted appropriately.