Contrast the risks of writing covered calls and naked calls.

Q: How can the use of passwords actually circumvent security? What actions can be taken to minimize…

A: A password is a combination of letters (eg. a, b, E, etc.), numbers (eg. 1,4,7, etc.) or symbols…

Q: You have a client where you are not required to test their controls. However you may choose to do…

A: We perform the test of controls to evaluate whether the controls are working effectively for two…

Q: How do automated authorization procedures differ from manual authorization procedures?

A:

Q: If you become aware of a breach or violation, you should

A: Breach or violation of the terms and conditions by the employee is a commit of fraud or revealing…

Q: What is the purpose of installing firewalls on bridges, routers, and gateways? O Detecting…

A: Solution: Firewalls provide protection against hacking by protecting your computer or network from…

Q: nsurance is a way to decrease the ffinancial risk from unexpected events, like an illness, car…

A: Insurance is a very important tool in finance which helps us to mitigate risks and reduce risks due…

Q: benefits and risks

A: There are many benefits in using digital payment to the customers, some major benefits are mentioned…

Q: What is confidentiality? Give an example showing a violation of confidentiality.

A: Confidentiality is one of code of ethics for Auditor.

Q: What are the issues that need to be considered before implementing keystroke monitoring?

A: Keystroke monitoring means recording the client's keystrokes and the reaction of the framework. This…

Q: What is the fundamental concept behind the rule of least access? Explain why this is a potential…

A:

Q: Can you tell me the difference between confidentiality and privacy? Explain

A: This question tells about the difference between confidentiality and privacy:

Q: How do you design a fraud prevention programme?

A: A fraud is the intention of a person to deceive(mostly financially) another person or an…

Q: describe conditions that are conducive to issuing low-quality, or even fraudulent, fi…

A: Financial reports are issued at the end of the year that shows the status of the Company.

Q: risk management ideas, common reaction strategies, and IT system recovery issues

A: Some of the important risk management ideas are listed below: Keep an eye on changes in your…

Q: Explain the risks associated with the creation of unnecessary roles and why it can happen.

A: Role Based Access Control: RBAC can be defined as an access control which is used to restrict the…

Q: In the absence of protocols, networks would be unusable. Describe the significance of these…

A: Answer: Concept: Network can be defined as the connection of devices sharing data provided under…

Q: Define check tampering.

A:

Q: Explain Charges and Liens?

A: The question is based on the concept of legal terms used to grant security against loan or debt.

Q: Give an example of a preventive control.

A:

Q: What are some suggestions for risk management, typical response tactics, and IT system recovery…

A: Risk management:  A system of people, processes, and technology called risk management helps a…

Q: Disruptions to operations are a common side effect of implementing an ERP. Explain the primary…

A: ERP: Enterprise resource planning is management software that helps in integrating all the…

Q: If detective controls signal error flags, why shouldn’t these types of controls automatically make a…

A:

Q: Controls are only as good as the predetermined standard on which they are based. Discuss the comment…

A: Predetermined standard are the estimate or budgets that are made in the beginning of the period.…

Q: Describe moral hazard.

A: Moral hazard refers to circumstances in which an individual chooses to apply little or no effort, or…

Q: ERP systems use the best-practices approach in designing their applications, yet goodness of fit is…

A: ERP:   Enterprise Resource Planning is management software that helps in integrating all the…

Q: Define call protection

A: A financial instrument that does not affect the ownership of the common shareholders or management…

Q: If detective controls signal error flags, why shouldn’t this type of controls automatically make a…

A: Definition:   Internal control: Internal control involves the norms and rules which are followed…

Q: When an ERP implementation fails, who is to blame? Is it the software manufacturer, the client firm,…

A:

Q: What are the computer ethical issues regarding misuse of computers?

A: Ethics is an internal mechanism of an individual which can be applied to various situations to…

Q: Inspector expenses and other expenses that are designed to ensure quality or uncover defects are…

A: Company starts processing of work after some planning of costs, revenue or processes to be followed.…

Q: Summarize some of the impacts that the Coronavirus impact has had on the risks that organizations…

A: Due to corona virus there has been much impact on the organizations and even some of them have…

Q: Why is it risky to allow programmers to create user subschemas and assign access authority to users?…

A:

Q: What factors led to the success of SafeSave?

A: The SafeSave payment services is an online platform that provides the facility for the payments for…

Q: How avoid Enron scandal? Explain.

A: The Enron scandal was an accounting scandal involving Enron Corporation. It is one of the biggest…

Q: What controls should be employed to avoid breaches into an accountijg information system.

A: An Accounting Information System (AIS) is a system which the businesses are using to recognize,…