Explanation/Reference:
Explanation:
Administrative control is one of the objectives of internal control and is concerned with ensuring efficiency and compliance with management policies.
Incorrect Answers:
A: It controls accounting operations, including safeguarding assets and financial records.
B: Detective control simply detects and reports on the occurrence of an error, omission or malicious act.
D: It focuses on day-to-day operations, functions, and activities. It also ensures that all the organization's objectives are being accomplished.

Explanation/Reference:
Explanation:
A risk analysis involves identifying the most probable threats to an organization and analyzing the related vulnerabilities of the organization to these threats. A risk from an organizational perspective consists of:
Threats to various processes of organization.

Threats to physical and information assets.

Likelihood and frequency of occurrence from threat.

Impact on assets from threat and vulnerability.

Risk analysis allows the auditor to do the following tasks :

Threats to various processes of organization.

Threats to physical and information assets.

Likelihood and frequency of occurrence from threat.

Impact on assets from threat and vulnerability.

Risk analysis allows the auditor to do the following tasks :

Identify threats and vulnerabilities to the enterprise and its information system.

Provide information for evaluation of controls in audit planning.

Aids in determining audit objectives.

Supporting decision based on risks.

Incorrect Answers:
B: Auditors identify threats and vulnerability not only in the IT but the whole enterprise as well.

Section: Volume D