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To be eligible to take the CGEIT certification exam, candidates must have at least five years of experience in IT governance, with three of those years being in a management or advisory role. They must also agree to abide by the ISACA Code of Professional Ethics and pass a background check. Once certified, CGEIT professionals must maintain their certification by earning continuing education credits and renewing their certification every three years.
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ISACA Certified in the Governance of Enterprise IT Exam Sample Questions (Q155-Q160):
NEW QUESTION # 155
A multinational enterprise recently purchased a large company located in a different country. When introducing the concept of governance to the new acquisition, it is MOST important that executive management recognize:
- A. the impact of cultural changes.
- B. globally recognized good practices.
- C. language differences.
- D. the use of international standards.
Answer: A
NEW QUESTION # 156
A large enterprise is implementing an information security policy exception process.
The BEST way to ensure that security risk is properly addressed is to:
- A. perform an internal and external network penetration test.
- B. obtain IT security approval on security policy exceptions.
- C. confirm process owners' acceptance of residual risk.
- D. benchmark policy against industry best practice.
Answer: D
Explanation:
The best way to ensure that security risk is properly addressed when implementing an information security policy exception process is to confirm process owners' acceptance of residual risk. Residual risk is the risk that remains after applying controls or mitigating measures to reduce the original risk1. Process owners are the individuals or groups that are responsible for the design, execution, and performance of a business process2.
By confirming process owners' acceptance of residual risk, the enterprise can ensure that the security risk associated with the policy exception is understood, acknowledged, and agreed upon by the relevant stakeholders. This can also help to assign accountability and liability for the potential consequences of the policy exception, as well as to monitor and review the risk level and the effectiveness of the controls or mitigating measures. The other options are not as effective as confirming process owners' acceptance of residual risk for ensuring that security risk is properly addressed when implementing an information security policy exception process. Performing an internal and external network penetration test is a useful technique for identifying and exploiting vulnerabilities in the network infrastructure, but it does not address the specific security risk related to the policy exception. Obtaining IT security approval on security policy exceptions is a necessary step for validating and authorizing the policy exception, but it does not ensure that the process owners are aware of and accept the residual risk. Benchmarking policy against industry best practice is a good practice for comparing and improving the policy quality and performance, but it does not address the security risk associated with the policy exception.
NEW QUESTION # 157
Which of the following frameworks defines ERM as the discipline by which an organization in any industry assesses, controls, exploits, finances, and monitors risks from all sources for the purpose of increasing the organization's short- and long-term value to its stakeholders?
- A. Val IT
- B. COSO ERM framework
- C. COBIT
- D. Casualty Actuarial Society framework
Answer: D
NEW QUESTION # 158
Which of the following is the BEST way to ensure all enterprise employees understand the corporate code of business conduct?
- A. Mandate annual ethics training that includes an exam.
- B. Conduct scheduled and random compliance audits.
- C. Require external business activities be documented and reported.
- D. Distribute a copy of the code and require a signature.
Answer: A
Explanation:
The best way to ensure all enterprise employees understand the corporate code of business conduct is to mandate annual ethics training that includes an exam. This will help employees to learn the content and principles of the code, as well as test their knowledge and comprehension. Ethics training can also reinforce the importance of ethical behavior and the consequences of violating the code. According to a Harvard Business Review article1, ethics training can help employees to develop ethical skills, such as moral awareness, moral reasoning, moral courage, and moral leadership1. A code of conduct is not effective if employees do not know or understand it, or if they do not apply it in their daily work. Therefore, ethics training is essential to ensure employees are aware of and adhere to the corporate code of business conduct.
References: CGEIT Review Manual (Digital Version) or CGEIT Review Manual (Print Version), Chapter 1:
Governance of Enterprise IT, Section 1.1: IT Governance Frameworks and Principles, Subsection 1.1.2: IT Governance Principles, Page 14-15. Building an Ethical Company.
NEW QUESTION # 159
Which of the following should be the FIRST action taken by a newly formed IT governance committee to ensure reports are compliant with regulations and identify key IT risks?
- A. Develop and monitor IT key risk indicator (KRI) triggers.
- B. Implement a mechanism to ensure reporting escalation.
- C. Train end users on regulation requirements.
- D. Direct the development of a reporting communication plan.
Answer: A
Explanation:
The first action taken by a newly formed IT governance committee to ensure reports are compliant with regulations and identify key IT risks should be to develop and monitor IT key risk indicator (KRI) triggers. IT KRIs are metrics that measure the likelihood and impact of IT-related risks on the enterprise's objectives and goals. IT KRI triggers are thresholds or values that indicate when a risk is approaching or exceeding an acceptable level, requiring attention or action from the IT governance committee. Developing and monitoring IT KRI triggers can help the committee to identify, prioritize, and manage IT risks, as well as to ensure compliance with regulations and policies.
Directing the development of a reporting communication plan, training end users on regulation requirements, and implementing a mechanism to ensure reporting escalation are also important actions for the IT governance committee, but they are not the first step. A reporting communication plan is a document that defines the purpose, scope, format, frequency, audience, and distribution of IT reports, as well as the roles and responsibilities of the report creators and recipients. A reporting communication plan can help the committee to communicate effectively and efficiently with the stakeholders about IT performance, issues, and risks.
Training end users on regulation requirements is a process that educates the end users on the rules and standards that apply to their use of IT systems and data, as well as the consequences of non-compliance.
Training end users can help the committee to raise awareness and ensure adherence to regulations and policies. Implementing a mechanism to ensure reporting escalation is a procedure that defines the criteria, process, and channels for escalating IT reports to higher levels of authority or responsibility when necessary.
Implementing a reporting escalation mechanism can help the committee to ensure timely and appropriate response and resolution of IT issues or risks.
References := Integrating KRIs and KPIs for Effective Technology Risk Management; Performance Measurement Metrics for IT Governance; State and Impact of Governance of Enterprise IT in Organizations:
Key Findings of an International Study.
NEW QUESTION # 160
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