What is the PRIMARY need for effectively assessing controls?
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A. B. C. D.C.
Controls can be effectively assessed only by determining how accurately the control objective is achieved within the environment in which they are operating.
No conclusion can be reached as to the strength of the control until the control has been adequately tested.
Incorrect Answers: A: Alignment of control with the operating environment is essential but after the control's accuracy in achieving objective.
In other words, achieving objective is the top most priority in assessing controls.
B: Control's design effectiveness is also considered but is latter considered after achieving objectives.
D: Control's operating effectiveness is considered but after its accuracy in objective achievement.
The primary need for effectively assessing controls is to ensure that they are operating effectively. This means that the controls are functioning as intended and are providing adequate protection to the organization's assets, including its information systems.
Control assessments are important because they allow organizations to identify weaknesses in their control environment and take corrective actions to mitigate risk. In addition, control assessments provide assurance to management, stakeholders, and external parties that the organization's controls are operating effectively.
There are different types of control assessments, including design effectiveness assessments and operating effectiveness assessments. Design effectiveness assessments are used to evaluate whether the control has been appropriately designed to achieve its intended objective. Operating effectiveness assessments, on the other hand, are used to determine whether the control is operating effectively and achieving its intended objective.
While design effectiveness assessments are important, they do not provide assurance that the control is operating effectively. Therefore, operating effectiveness assessments are the primary need for effectively assessing controls. By conducting operating effectiveness assessments, organizations can determine whether the control is providing the intended protection and take corrective actions if necessary.
In summary, the primary need for effectively assessing controls is to ensure that they are operating effectively and providing adequate protection to the organization's assets. While design effectiveness assessments are important, operating effectiveness assessments are the primary need for assessing controls.