It is necessary for a company to consider the risks of its system to determine whether the costs of implementing a control procedure are worthwhile in terms of the benefits realized from the control.

Question

Quizplus · Accepted Answer

It is important for a company to assess the risks associated with its system and determine if control procedures are necessary and worthwhile to protect against those risks. Failure to implement appropriate controls could result in negative consequences for the company, such as data breaches, financial loss, or damage to reputation.

It Is Necessary for a Company to Consider the Risks