Video: Risk Associated with IT - Practice Questions

In this lesson, Nick Palazzolo, CPA, takes a deep dive into the realm of IT-related risks and controls, unraveling the mysteries behind preventative, detective, and corrective measures. He walks through a series of practice questions, showing how to identify different types of IT controls, such as firewalls and password changes, and their roles in securing systems. Nick also dissects the intricacies of various information systems, clarifying how each supports business operations and decision-making processes. He emphasizes the importance of enterprise resource planning systems for fostering collaboration and streamlining processes within an organization. Lastly, Nick explores the classifications of security controls, shedding light on how physical items like smoke detectors and ID badges contribute to a firm’s security, and defines the interactive nature of decision support systems. Join Nick in strengthening your grasp on IT controls and preparing for questions you may encounter on this topic.