Deepali Kochhar

Answer to Q2.

An example of profitability driven control is a bank tending to keep its interest rates low for the following reasons:
• When economic activities weaken, monetary policy makers can push the interest rate targets below the economy’s natural rate so as to lower the cost of borrowing. This help spurs business spending on goods. Exa…[Read more]

Answer to Q 1: :

INFORMATION SECURITY EXCEPTION BUSINESS PROCESS

Purpose: Method to obtain an exception to compliance with a security policy or standard

Scope: Organization’s security policy and standards

Description: Exception may be granted by the Information security team of the organization for a non-compliance with a standard r…[Read more]

Answer to Q 3:

An environment which is in compliance with the defined set of standards and policy is considered as a control environment. Such environment is built in an organization to:
• Ensure reliability in the processes and operations
• To take preventive actions against any kind of fraud such as financial, security, data breach etc…[Read more]