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Question 73/190
Which of the following should be the PRIMARY governance objective for selecting key risk indicators (KRIs) related to legal and regulatory compliance?
Correct Answer: A
Key risk indicators (KRIs) are metrics that measure the likelihood and impact of potential or actual risks. KRIs related to legal and regulatory compliance are designed to help the enterprise monitor and manage the risk of violating laws, regulations, standards, or ethical practices that apply to its operating environment. The primary governance objective for selecting KRIs related to legal and regulatory compliance should be to identify the risk of noncompliance, which means assessing the probability and severity of compliance breaches, as well as the root causes and consequences of such breaches. By identifying the risk of noncompliance, the enterprise can take proactive measures to prevent, mitigate, or remediate compliance issues, and to ensure that its compliance program is effective, efficient, and aligned with its business objectives and strategies. References:
CGEIT Exam Content Outline | ISACA1, CGEIT Review Manual (Digital Version), Compliance Metrics and KPIs For Measuring Compliance Effectiveness - RiskOptics2, 11 Key Compliance KPIs + Examples (& Why You Should Track Them ...3
CGEIT Exam Content Outline | ISACA1, CGEIT Review Manual (Digital Version), Compliance Metrics and KPIs For Measuring Compliance Effectiveness - RiskOptics2, 11 Key Compliance KPIs + Examples (& Why You Should Track Them ...3
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- Other Question (190q)
- Q1. Which of the following resource categories includes skill sets, certifications, productivi...
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- Q16. Which of the following is the BEST method to monitor IT governance effectiveness?...
- Q17. Which of the following has the GREATEST influence on data quality assurance?...
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- Q19. Which of the following is the PRIMARY consideration when developing an information asset m...
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- Q30. Which of the following should be done FIRST when designing an IT balanced scorecard?...
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- Q32. Which of the following processes is responsible for controlling, recording and reporting o...
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- Q47. Which of the following BEST supports enterprise decision making for IT resource allocation...
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- Q53. Which of the following should be established FIRST so that data owners can consistently as...
- Q54. Which of the following should be the MAIN governance focus when implementing a newly appro...
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- Q57. An IT governance committee wants to ensure there is a clear description of the "data owner...
- Q58. Which of the following is the BEST indication of effective IT-business strategic alignment...
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- Q73. Which of the following should be the PRIMARY governance objective for selecting key risk i...
- Q74. Which of the following should be identified FIRST when determining appropriate IT key risk...
- Q75. Which of the following has PRIMARY responsibility to define the requirements for IT servic...
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- Q77. Which of the following should be done FIRST when defining responsibilities for ownership o...
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- Q124. What is the BEST criterion for prioritizing IT risk remediation when resource requirements...
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- Q128. An enterprise has performed a business impact analysis (BIA) considering a number of risk ...
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- Q137. Which of the following processes ensures that all vital assets and resources of the organi...
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- Q157. Which of the following is a practice of forecasting possible risks to the organization and...
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- Q176. Which of the following should be the PRIMARY consideration for an enterprise when prioriti...
- Q177. Which of the following has the GREATEST influence on data quality assurance?...
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