Isaca Isaca Certification CGEIT New Questions

To develop appropriate measures to improve organizational performance, the measures must be accepted by and meaningful to the stakeholders, because they are the ones who will use the measures to monitor and evaluate the achievement of the enterprise’s objectives and goals. Themeasures should be relevant, reliable, valid, and understandable for the stakeholders, and aligned with their expectations and needs . References := ISACA, CGEIT Review Manual, 7th Edition, 2019, page 43-44.

After defining the ethical standards for an ethics program, the next step for the enterprise should be to establish a training and awareness program focused on ethics. A training and awareness program can help to communicate the ethical standards to all employees and stakeholders, and educate them on the importance, benefits, and expectations of ethical behavior. A training and awareness program can also help to foster a culture of ethics within the enterprise, and encourage employees to apply the ethical standards in their daily work and decision making. According to ISACA’s article on Ethics in IT1, “training is essential to ensure that all staff understand what is expected of them and how to apply ethical principles in their work.” Furthermore, according to ISACA’s CGEIT Domain 1: Framework for the Governance of Enterprise IT2, “training and awareness are key enablers for embedding an appropriate culture throughout the enterprise.” Therefore, establishing a training and awareness program focused on ethics is the best way to implement the ethical standards defined by the enterprise.

The best criterion for prioritizing IT risk remediation when resource requirements are equal is the impact on business, as it reflects the potential consequences of the IT risk on the enterprise’s objectives, operations, reputation, and stakeholders. The impact on business can be measured by factors such as financial loss, operational disruption, customer dissatisfaction, regulatory violation, or reputational damage. The higher the impact on business, the higher the priority for IT risk remediation.

Deviation from IT standards, IT strategy alignment, and IT audit recommendations are also important criteria for prioritizing IT risk remediation, but they are not the best criterion. Deviation from IT standards is the degree to which an IT process, system, or service does not comply with the established policies, procedures, or best practices. Deviation from IT standards can indicate a weakness or gap in IT governance or management, but it does not necessarily reflect the severity or urgency of the IT risk. IT strategy alignment is the degree to which an IT process, system, or service supports and enables the enterprise’s strategy and goals. IT strategy alignment can indicate the value or importance of an IT process, system, or service, but it does not directly measure the impact of the IT risk on the business. IT audit recommendations are the suggestions or actions proposed by an IT auditor to address the findings or issues identified during an IT audit. IT audit recommendations can provide guidance and direction for IT risk remediation, but they are not a definitive or objective criterion for prioritization.

References := IT Risk Management Guide for 2022 | CIO Insight; What is IT Governance, Risk, and Compliance (GRC)?; Holistic IT Governance, Risk Management, Security and Privacy: Needed for Effective Implementation and Continuous Improvement - ISACA; Cyberrisk Governance: A Practical Guide for Implementation - ISACA.

Learn more:

1. cioinsight.com2. securityscorecard.com3. isaca.org4. isaca.org5. cldigital.com+1 more

The CIO should first meet with key stakeholders to understand their concerns about the IT governance reporting transparency. This will help the CIO to identify the root causes of the perception, the expectations and needs of the stakeholders, and the gaps and issues in the current reporting process. Meeting with key stakeholders will also help to build trust and rapport, and to solicit feedback and suggestions for improvement. The CIO can then use this information to develop a communication and awareness strategy, adopt a standard template, and add transparency metrics to the balanced scorecard. These actions will help to enhance the transparency, consistency, and quality of the IT governance reporting, and to address the stakeholder concerns effectively. References := How Boards Realise IT Governance Transparency: A Study Into Current Practice of the COBIT EDM05 Process, Page 1.