QuestionQ763

Risk Response and Reporting

What is a risk practitioner’s BEST action after identifying risk scenarios involving noncompliance with new industry regulations?

  • A Recalculate the risk.
  • B Implement monitoring controls.
  • C Escalate to senior management.
  • D Transfer the risk.
Explanation

New regulatory requirements can change a scenario’s likelihood, impact, and overall risk level. The risk should therefore be reassessed before selecting a treatment, implementing or monitoring controls, transferring it, or escalating it. ISACA describes risk management as identifying risk, evaluating its level, deciding how to address it, implementing the response, and monitoring treatment progress.

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