IT can significantly impact an organisation's overall control risk.Which of the following risks would NOT be important from an auditing perspective?
A) the potential for material misstatement
B) use of unreliable information because of processing errors produced by the technology
C) the inability to retrieve important information because of IT systems failure
D) none of the above (i.e., they are all important)

Question

Quizplus · Accepted Answer

All of the above risks are important from an auditing perspective as they can lead to material misstatements in financial statements and impact the accuracy and completeness of data. Therefore, auditors need to consider all of these risks when assessing an organization's control environment.

IT Can Significantly Impact an Organisation's Overall Control Risk