What control procedure(s)should be used to reduce the risk of the destruction of financial statement master data?
A)Multifactor authentication.
B)Backup and disaster recovery.
C)Encryption.
D)All of the above.

Question

Quizplus · Accepted Answer

Backup and disaster recovery procedures are essential in reducing the risk of destruction of financial statement master data. It ensures that there is a secure and readily available copy of the data in case the original copies are lost, destroyed, or become unavailable due to technical or natural factors. Multifactor authentication and encryption are also good control procedures, but they do not directly address the risk of destruction of financial statement master data.

What Control Procedure(s)should Be Used to Reduce the Risk of the Destruction