IS Auditor's Role in Risk Management

C.

As an IS auditor, the auditor's role is to assist management in fulfilling its risk management responsibilities. The IS auditor can help management in various ways, but the BEST way to help management fulfill risk management responsibilities is by highlighting specific risks not being addressed.

Option A is the best answer because an IS auditor can perform a risk assessment and identify specific risks that management may not be aware of or may not be addressing adequately. The auditor can bring these risks to management's attention and recommend ways to mitigate or manage them.

Option B, ensuring the roles for managing IT risk are defined, is also important. An IS auditor can help management define roles and responsibilities for managing IT risks. This involves identifying who is responsible for identifying, assessing, mitigating, and monitoring IT risks. Defining roles and responsibilities helps ensure that everyone understands their responsibilities and reduces the risk of important tasks being overlooked.

Option C, developing an IT risk management framework, is also important. An IS auditor can help management develop an IT risk management framework that includes policies, procedures, and guidelines for managing IT risks. A risk management framework helps ensure that IT risks are managed consistently across the organization and that everyone is following the same procedures.

Option D, adopting a mechanism for reporting issues, is also important. An IS auditor can help management adopt a mechanism for reporting IT risk issues. This mechanism could be a risk register, a risk reporting dashboard, or a risk committee. A mechanism for reporting IT risk issues helps ensure that issues are reported promptly, investigated, and addressed appropriately.

In conclusion, an IS auditor can help management fulfill risk management responsibilities in several ways, but the BEST way is by highlighting specific risks not being addressed. This involves performing a risk assessment and identifying specific risks that management may not be aware of or may not be addressing adequately. The auditor can bring these risks to management's attention and recommend ways to mitigate or manage them.