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Question 62 - IT Risk Fundamentals discussion

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Risk monitoring is MOST effective when it is conducted:

A.

following changes to the business's environment.

Answers
A.

following changes to the business's environment.

B.

before and after completing the risk treatment plan.

Answers
B.

before and after completing the risk treatment plan.

C.

throughout the risk treatment planning process.

Answers
C.

throughout the risk treatment planning process.

Suggested answer: C

Explanation:

Effectiveness of Risk Monitoring:

Continuous risk monitoring throughout the risk treatment planning process ensures that changes in the risk environment are detected early and addressed promptly.

It allows for real-time adjustments and improvements to the risk treatment plan.

Phases of Risk Monitoring:

Before Treatment: Initial monitoring helps in understanding the baseline risk levels and identifying critical areas that need attention.

During Treatment: Ongoing monitoring ensures that the risk treatment measures are effective and any deviations are corrected timely.

After Treatment: Post-treatment monitoring verifies the long-term effectiveness of the risk responses and identifies any residual risks.

Reference:

ISA 315 (Revised 2019), Anlage 5 discusses the importance of continuous monitoring in risk management to adapt to changes and ensure the effectiveness of risk treatments.

asked 18/11/2024
Bart Hakstege
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