Explanation/Reference:
Explanation: Detection risks are the risks that an auditor will not be able to find what they are looking to detect. Hence, it becomes tedious to report negative results when material conditions (faults) actually exist.
Detection risk includes two types of risk: Sampling risk: This risk occurs when an auditor falsely accepts or erroneously rejects an audit sample. Nonsampling risk: This risk occurs when an auditor fails to detect a condition because of not applying the appropriate procedure or using procedures inconsistent with the audit objectives (detection faults). Answer: A is incorrect. Residual risk is the risk or danger of an action or an event, a method or a (technical) process that, although being abreast with science, still conceives these dangers, even if all theoretically possible safety measures would be applied (scientifically conceivable measures). The formula to calculate residual risk is (inherent risk) x (control risk) where inherent risk is (threats vulnerability). In the economic context, residual means "the quantity left over at the end of a process; a remainder". Answer: D is incorrect. Inherent risk, in auditing, is the risk that the account or section being audited is materially misstated without considering internal controls due to error or fraud. The assessment of inherent risk depends on the professional judgment of the auditor, and it is done after assessing the business environment of the entity being audited. Answer: B is incorrect. A secondary risk is a risk that arises as a straight consequence of implementing a risk response. The secondary risk is an outcome of dealing with the original risk. Secondary risks are not as rigorous or important as primary risks, but can turn out to be so if not estimated and planned properly.

The minimum security requirements cover seventeen security related areas to protect the confidentiality, integrity, and availability of federal information systems and information processed by those systems. They are as follows: Access control Awareness and training Audit and accountability Certification, accreditation, and security assessment Configuration management Contingency planning Identification and authentication Incident response Maintenance Media protection Physical and environmental protection Planning Personnel security Risk assessment Systems and services acquisition System and communications protection System and information integrity

This is an example of transference as you have transferred the risk to a third party.
Transference almost always is done with a negative risk event and it usually requires a contractual
relationship.

Trusted Computer System Evaluation Criteria (TCSEC) is a United States Government Department of Defense (DoD) standard that sets basic requirements for assessing the effectiveness of computer security controls built into a computer system. TCSEC was used to evaluate, classify, and select computer systems being considered for the processing, storage, and retrieval of sensitive or classified information. It was replaced with the development of the Common Criteria international standard originally published in 2005. The TCSEC, frequently referred to as the Orange Book, is the centerpiece of the DoD Rainbow Series publications. Answer D is incorrect. System Security Authorization Agreement (SSAA) is an information security document used in the United States Department of Defense (DoD) to describe and accredit networks and systems. The SSAA is part of the Department of Defense Information Technology Security Certification and Accreditation Process, or DITSCAP (superseded by DIACAP). The DoD instruction (issues in December 1997, that describes DITSCAP and provides an outline for the SSAA document is DODI 5200.40. The DITSCAP application manual (DoD 8510.1- M), published in July 2000, provides additional details. Answer A is incorrect. FITSAF stands for Federal Information Technology Security Assessment Framework. It is a methodology for assessing the security of information systems. It provides an approach for federal agencies. It determines how federal agencies are meeting existing policy and establish goals. The main advantage of FITSAF is that it addresses the requirements of Office of Management and Budget (OMB). It also addresses the guidelines provided by the National Institute of Standards and Technology (NIsT). Answer B is incorrect. The Federal Information Processing Standards (FIPS) are publicly announced standards developed by the United States federal government for use by all non-military government agencies and by government contractors. Many FIPS standards are modified versions of standards used in the wider community (ANSI, IEEE, ISO, etc.). Some FIPS standards were originally developed by the U.S. government. For instance, standards for encoding data (e.g., country codes), but more significantly some encryption standards, such as the Data Encryption Standard (FIPS 46-3) and the Advanced Encryption Standard (FIPS 197). In 1994, NOAA (Noaa) began broadcasting coded signals called FIPS (Federal Information Processing System) codes along with their standard weather broadcasts from local stations. These codes identify the type of emergency and the specific geographic area (such as a county) affected by the emergency.

Certification and Accreditation (C&A or CnA) is a process for implementing information security. It is a systematic procedure for evaluating, describing, testing, and authorizing systems prior to or after a system is in operation. The C&A process is used extensively in the U.S. Federal Government. Some C&A processes include FISMA, NIACAP, DIACAP, and DCID 6/3. Certification is a comprehensive assessment of the management, operational, and technical security controls in an information system, made in support of security accreditation, to determine the extent to which the controls are implemented correctly, operating as intended, and producing the desired outcome with respect to meeting the security requirements for the system. Accreditation is the official management decision given by a senior agency official to authorize operation of an information system and to explicitly accept the risk to agency operations (including mission, functions, image, or reputation), agency assets, or individuals, based on the implementation of an agreed-upon set of security controls. Answer D is incorrect. Information Assurance (IA) is the practice of managing risks related to the use, processing, storage, and transmission of information or data and the systems and processes used for those purposes. While focused dominantly on information in digital form, the full range of IA encompasses not only digital but also analog or physical form. Information assurance as a field has grown from the practice of information security, which in turn grew out of practices and procedures of computer security. Answer A is incorrect. The classic information security model is used in the practice of Information Assurance (IA) to define assurance requirements. The classic information security model, also called the CIA Triad, addresses three attributes of information and information systems, confidentiality, integrity, and availability. This C-I-A model is extremely useful for teaching introductory and basic concepts of information security and assurance; the initials are an easy mnemonic to remember, and when properly understood, can prompt systems designers and users to address the most pressing aspects of assurance. Answer B is incorrect. The Five Pillars model is used in the practice of Information Assurance (IA) to define assurance requirements. It was promulgated by the U.S. Department of Defense (DoD) in a variety of publications, beginning with the National Information Assurance Glossary, Committee on National Security Systems Instruction CNSSI-4009. Here is the definition from that publication: "Measures that protect and defend information and information systems by ensuring their availability, integrity, authentication, confidentiality, and non-repudiation. These measures include providing for restoration of information systems by incorporating protection, detection, and reaction capabilities." The Five Pillars model is sometimes criticized because authentication and non-repudiation are not attributes of information or systems; rather, they are procedures or methods useful to assure the integrity and authenticity of information, and to protect the confidentiality of the same.