A seniоr аuditоr is leаding аn engagement tо evaluate management’s efforts to apply the COSO Internal Control – Integrated Framework to its risk mitigation efforts for security. More specifically, the senior auditor has been tasked with conducting a cyber risk assessment. The purpose of the cyber risk assessment is to evaluate management’s efforts to document its cyber risks, controls, and its alignment of business objectives with IT. Within the senior auditor’s draft report for management, the senior auditor makes a number of statements. Using the senior auditor’s draft included below, review each statement to ensure that it aligns with the objectives and purpose of the engagement. ....................................................................................................................................................... #1 COSO Risk Assessment StatementThe risk assessment the cyber risk management efforts. #2 Alignment of Technology and the BusinessAn organization’s cyber risk assessment #3 Incorporation into the Entity-Wide Risk AssessmentAn organization’s cyber risk assessment #4 Continuous ImprovementManagement should #5 Application of the COSO FrameworkBecause COSO is a framework,
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