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Isaca Exam IT Risk Fundamentals Topic 3 Question 6 Discussion
Topic #: 3
Which of the following is important to ensure when validating the results of a frequency analysis?
When validating the results of a frequency analysis, it is important to ensure that estimates used during the analysis were based on reliable and historical data. Here's why:
Estimates Used During the Analysis Were Based on Reliable and Historical Data: This ensures that the analysis is grounded in reality and reflects actual historical trends and patterns. Reliable data enhances the accuracy and credibility of the analysis, making the results more trustworthy and actionable.
The Analysis Was Conducted by an Independent Third Party: While this can add an element of impartiality, it is not as critical as the accuracy and reliability of the data used. The focus should be on the quality and relevance of the data.
The Analysis Method Has Been Fully Documented and Explained: Documentation is important for transparency and reproducibility, but it does not directly impact the accuracy of the frequency estimates. The reliability of the data is paramount.
Therefore, ensuring that estimates are based on reliable and historical data is the most important factor in validating a frequency analysis.
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