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Question 106 - CISM discussion

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Which of the following is the BEST approach to reduce unnecessary duplication of compliance activities?

A.
Documentation of control procedures
Answers
A.
Documentation of control procedures
B.
Standardization of compliance requirements
Answers
B.
Standardization of compliance requirements
C.
Automation of controls
Answers
C.
Automation of controls
D.
Integration of assurance efforts
Answers
D.
Integration of assurance efforts
Suggested answer: B

Explanation:

= Standardization of compliance requirements is the best approach to reduce unnecessary duplication of compliance activities, as it allows for a common understanding of the objectives and expectations of various stakeholders, such as regulators, auditors, customers, and business partners.Standardization also facilitates the alignment of compliance activities with the organization's risk appetite and tolerance, and enables the identification and elimination of redundant or conflicting controls.Reference= CISM Review Manual, 27th Edition, page 721; CISM Review Questions, Answers & Explanations Database, 12th Edition, question 952

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asked 01/10/2024
Ben Ndlovu
37 questions
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