ISACA IT Risk Identification Practice Questions and Answers (100% Pass)

ISACA IT Risk Identification Practice Questions and Answers (100% Pass)ISACA IT Risk Identification Practice Questions and Answers (100% Pass) MOST essential for a risk management program to be effective? - Answer️️ -New risk detection BEST assist a risk practitioner when addressing risk within the supply chain lifecycle? - Answer️️ -Identification and understanding of the legal requirements relevant to the supply chain will assist the risk practitioner to identify, assess and monitor risk on an ongoing basis. The Delphi technique - Answer️️ -polling or information gathering is done either anonymously or privately between the interviewer and interviewee. BEST way to ensure that an accurate risk register is maintained over time? - Answer️️ -Publish the risk register centrally with workflow features that periodically poll risk assessors. GREATEST risk of a policy that defines data and system ownership inadequately? - Answer️️ -Users may have unauthorized access to originate, modify or delete data ©PREP4EXAMS 2024/2025 REAL EXAM DUMPS Tuesday, August 6, 2024 10,57 AM 2 BEST method to ensure the overall effectiveness of a risk management program? - Answer️️ -Effective risk management requires participation, support and acceptance by all applicable members of the enterprise, beginning with executives. Personnel must understand their responsibilities, receive training on how to fulfill their roles, exercise active judgment and take appropriate action. MOST significant threat to a project? - Answer️️ -Projects exist to deliver specific outcomes as stated in requirements. If requirements are misunderstood, a project can be successful in terms of its internal criteria, scheduling and budget, yet result in a business failure because the project will not have delivered business value. A new data protection regulation directly affects an organization. What information should the risk practitioner gather to BEST ensure compliance? - Answer️️ -Risk scenarios should indicate potential effects of noncompliance with the new regulation and guide management in evaluating whether the cost of compliance outweighs the cost of noncompliance and if this is in alignment with the organization's risk tolerance. Understanding the impact of compliance versus noncompliance will inform which controls are ultimately implemented to achieve and maintain compliance. ©PREP4EXAMS 2024/2025 REAL EXAM DUMPS Tuesday, August 6, 2024 10,57 AM 3 To be effective, risk management should be applied to: - Answer️️ -applied to all organizational activities. MOST effective method to evaluate the potential impact of legal, regulatory and contractual requirements on business objectives? - Answer️️ -A compliance- oriented business impact analysis will identify compliance requirements to which the enterprise is subject and will assess their effect on business objectives and activities. The preparation of a risk register begins in which risk management process? - Answer️️ -risk identification Who is accountable for business risk related to IT? - Answer️️ -Ultimately, the business (i.e., the users of IT services) owns business-related risk, including the risk related to the use of IT. The business should set the mandate for ris