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Rik Management Audit

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Risk-Based IT Audit

Risk-Based Audit Methodology Apply to Organization’s IT Risk Management

Kun Tao (Quincy) Cal Poly Pomona

Author Note This paper was prepared for GBA 577 Advanced IS Auditing, taught by Professor Manson. March 2014

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Risk-Based IT Audit

Table of Contents
Abstract .......................................................................................................................................... 3 Introduction .................................................................................................................................... 4 Methodology................................................................................................................................... 6 Risk-based auditing methodology: Risk assessment...................................................................... 6 IT Risk Management................................................................................................................... 7 IT Risk Control Framework........................................................................................................ 8 Identifying assets...................................................................................................................... 13 Determining criticality and confidentiality levels......................................................................14 Threat and vulnerability identification...................................................................................... 15 Risk calculation......................................................................................................................... 16 Audit universe........................................................................................................................... 17 Audit

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