An IS auditor was hired to review e-business security. The IS auditor’s first task was to examine
each existing e-business application looking for vulnerabilities. What would be the next task?

A.
Report the risks to the CIO and CEO immediately

B.
Examine e-business application in development

C.
Identify threats and likelihood of occurrence

D.
Check the budget available for risk management

Explanation:

An IS auditor must identify the assets, look for vulnerabilities, and then identify the threats and the
likelihood of occurrence. Choices A, B and D should be discussed with the CIO, and a report
should be delivered to the CEO. The report should include the findings along with priorities and
costs.