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About Cyber Security Its Impact On Financial Statements and Audit Amp Buisness Risk
This document discusses the impact of cyber security breaches on financial statement audits. It notes that cyber security risks can financially impact companies through costs of remediation, loss of customers, and legal issues. The document recommends that companies implement basic cyber security measures, consider frameworks for improving security like the NIST five core functions, ensure risk management through board oversight and insurance, and have response plans for if a breach occurs. It also stresses that IT risk needs to be taken seriously as senior management involvement is key to mitigating risks to the business from IT issues or breaches.
Detailed Information
| Author: | ['Francisco'] |
|---|---|
| Publication Year: | 2020 |
| Pages: | 18 |
| Language: | English |
| Format: | |
| Price: | FREE |
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