Question
For each of the AICPA's Trust Service Principles, explain why it is a relevant
risk for Randcom and recommend a specific control for mitigating the risk.
Answer & Explanation
The AICPA's Trust Service Principles are a set of criteria used to evaluate the
reliability of systems. They include Security, Availability, Processing Integrity,
Confidentiality, and Privacy. Here's how each principle is relevant to Randcom
and a recommended control for mitigating associated risks:
1. Security:
o Relevance: Security is crucial for Randcom to protect its systems
from unauthorized access and data breaches that could lead to
financial loss or reputational damage.
o Control Recommendation: Implement multi-factor authentication
(MFA) for all system access points. This adds an additional layer of
security beyond just passwords.
For each of the AICPA's Trust Service Principles, explain why it is a relevant
risk for Randcom and recommend a specific control for mitigating the risk.
Answer & Explanation
The AICPA's Trust Service Principles are a set of criteria used to evaluate the
reliability of systems. They include Security, Availability, Processing Integrity,
Confidentiality, and Privacy. Here's how each principle is relevant to Randcom
and a recommended control for mitigating associated risks:
1. Security:
o Relevance: Security is crucial for Randcom to protect its systems
from unauthorized access and data breaches that could lead to
financial loss or reputational damage.
o Control Recommendation: Implement multi-factor authentication
(MFA) for all system access points. This adds an additional layer of
security beyond just passwords.
