An organization striving to be on the leading edge in regard to risk monitoring would MOST likely implement:

• A.procedures to monitor the operation of controls.
• B.real-time monitoring of risk events and control exceptions.
• C.a tool for monitoring critical activities and controls.
• D.monitoring activities for all critical assets.

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Which of the following are the responsibilities of Enterprise risk committee?
Each correct answer represents a complete solution. Choose three.

• A.React to risk events
• B.Analyze risk
• C.Risk aware decision
• D.Articulate risk
• E.Explanation:
  Risk aware decision, analyzing risk, and articulating risk are the responsibilities of Enterprise risk committee. They are the executives who are accountable for the enterprise level collaboration and consensus required to support enterprise risk management (ERM) activities and decisions. An IT risk council may be established to consider IT risk in more detail andadvise the enterprise risk
  committee. ERC ensure that these activities are completed successfully.

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A bank wants to send a critical payment order via email to one of its offshore branches. Which of the following is the BEST way to ensure the message reaches the intended recipient without alteration?

• A.Add a hash to the message
• B.Add a digital certificate
• C.Add a secret key
• D.Apply multi-factor authentication

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Which of the following is the MOST important reason to test new controls?

• A.To verify controls work as intended.
• B.To justify the cost of control investment.
• C.To identify exceptions that elevate risk.
• D.To ensure an accurate and up-to-date controls register.

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The MAIN purpose of having a documented risk profile is to:

• A.enable well-informed decision making.
• B.comply with external and internal requirements.
• C.keep the risk register up-to-date.
• D.prioritize investment projects.

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