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NEW QUESTION # 303
Which of the following would be the BEST justification to invest in the development of a governance, risk, and compliance (GRC) solution?
Answer: C
Explanation:
Section: Volume D
Explanation/Reference:
NEW QUESTION # 304
What are the steps that are involved in articulating risks? Each correct answer represents a complete solution. Choose three.
Answer: B,C,D
Explanation:
Following are the tasks that are involved in articulating risk:
Communicate risk analysis results.
Report risk management activities and the state of compliance.
Interpret independent risk assessment findings.
Identify business opportunities.
NEW QUESTION # 305
Which of the following is the GREATEST risk associated with the transition of a sensitive data backup solution from on-premise to a cloud service provider?
Answer: D
NEW QUESTION # 306
Which of the following should be management's PRIMARY consideration when approving risk response action plans?
Answer: A
NEW QUESTION # 307
Which of the following aspects are included in the Internal Environment Framework of COSO ERM?
Each correct answer represents a complete solution. Choose three.
Answer: B,C,D
Explanation:
Section: Volume B
Explanation:
The internal environment for risk management is the foundational level of the COSO ERM framework, which describes the philosophical basics of managing risks within the implementing enterprise. The different aspects of the internal environment include the enterprise's:
* Philosophy on risk management
* Risk appetite
* Attitudes of Board of Directors
* Integrity and ethical values
* Commitment to competence
* Organizational structure
* Authority and responsibility
* Human resource standards
NEW QUESTION # 308
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