The decision to accept an IT control risk related to data quality should be the responsibility of the:
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A. B. C. D.C.
The decision to accept an IT control risk related to data quality should ultimately be the responsibility of the business owner.
IT control risks related to data quality are a significant concern for many organizations. Data quality risks arise when data is inaccurate, incomplete, or inconsistent, which can lead to erroneous decisions, improper reporting, and compliance violations. To manage these risks, organizations implement various IT controls, such as data validation checks, data completeness checks, data reconciliation, and data quality assurance.
However, no control is entirely foolproof, and there may be situations where it is not cost-effective or practical to implement additional controls to mitigate the risk. In such cases, the organization may decide to accept the risk by choosing not to implement additional controls.
The decision to accept an IT control risk related to data quality should be made by the business owner, who has a deep understanding of the organization's objectives, risk tolerance, and resources. The business owner is responsible for ensuring that the organization's IT controls are aligned with its business objectives and are designed to meet its risk appetite.
The information security team is responsible for implementing and maintaining the IT controls related to data quality. The chief information officer (CIO) is responsible for the overall management of IT resources, including the IT controls related to data quality. The IS audit manager is responsible for evaluating the effectiveness of the IT controls and providing recommendations for improvement. While each of these roles has an important part to play, the ultimate decision to accept an IT control risk related to data quality should be made by the business owner.