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A recent audit has identified a few control exceptions and is recommending the implementation of technology and processes to address the finding.
Which of the following is the MOST likely reason for the organization to reject the implementation of the recommended technology and processes?

  1. The auditors have not followed proper auditing processes
  2. The CIO of the organization disagrees with the finding
  3. The risk tolerance of the organization permits this risk
  4. The organization has purchased cyber insurance

Answer(s): C



The remediation of a specific audit finding is deemed too expensive and will not be implemented.
Which of the following is a TRUE statement?

  1. The asset is more expensive than the remediation
  2. The audit finding is incorrect
  3. The asset being protected is less valuable than the remediation costs
  4. The remediation costs are irrelevant; it must be implemented regardless of cost.

Answer(s): C



A missing/ineffective security control is identified.
Which of the following should be the NEXT step?

  1. Perform an audit to measure the control formally
  2. Escalate the issue to the IT organization
  3. Perform a risk assessment to measure risk
  4. Establish Key Risk Indicators

Answer(s): C



The risk found after a control has been fully implemented is called:

  1. Residual Risk
  2. Total Risk
  3. Post implementation risk
  4. Transferred risk

Answer(s): A






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