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Question 71 - IT Risk Fundamentals discussion

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Organizations monitor control statuses to provide assurance that:

A.

compliance with established standards is achieved.

Answers
A.

compliance with established standards is achieved.

B.

risk events are being fully mitigated.

Answers
B.

risk events are being fully mitigated.

C.

return on investment (ROI) objectives are met.

Answers
C.

return on investment (ROI) objectives are met.

Suggested answer: A

Explanation:

Purpose of Monitoring Control Statuses:

Organizations monitor control statuses to ensure that the controls in place are functioning correctly and achieving their intended outcomes.

Providing Assurance:

Monitoring control statuses provides assurance that the organization is compliant with established standards, regulations, and internal policies.

Compliance is a critical aspect of governance and risk management, ensuring that the organization operates within legal and regulatory frameworks.

Comparison of Options:

B ensuring risk events are fully mitigated is an important aspect but is secondary to the overarching goal of compliance.

C meeting ROI objectives is related to financial performance but does not directly relate to the primary purpose of control monitoring, which is compliance.

Conclusion:

Thus, the primary reason for monitoring control statuses is to provide assurance that compliance with established standards is achieved.

asked 18/11/2024
Kodjo Boessi
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