During a control review, the control owner states that an existing control has deteriorated over time.
What is the BEST recommendation to the control owner?
Click on the arrows to vote for the correct answer
A. B. C. D.D.
The BEST recommendation to the control owner who states that an existing control has deteriorated over time is to discuss risk mitigation options with the risk owner.
Explanation:
Option A, Escalating the issue to senior management, may be appropriate if the deterioration in the control presents a significant risk to the organization or if the control owner is unable to address the issue independently. However, it is not the BEST recommendation in this situation because it may not be necessary or efficient to involve senior management at this stage.
Option C, Certifying the control after documenting the concern, may be an appropriate course of action if the control owner has thoroughly assessed the issue and determined that the control is still effective despite the deterioration. However, it is not the BEST recommendation in this situation because the deterioration of the control is a concern that needs to be addressed, and certifying the control without addressing the issue would not mitigate the risk.
Option D, Implementing compensating controls to reduce residual risk, may be an appropriate course of action if the control owner has determined that the existing control is no longer effective and has identified compensating controls that can be implemented to mitigate the risk. However, it is not the BEST recommendation in this situation because the control owner should first discuss risk mitigation options with the risk owner before implementing compensating controls.
Therefore, the BEST recommendation is option B, Discuss risk mitigation options with the risk owner. By discussing the issue with the risk owner, the control owner can work collaboratively to identify and assess the risks associated with the deteriorated control, determine the appropriate course of action to mitigate the risks, and implement a plan to address the issue. This recommendation provides the opportunity for the control owner to address the issue in a timely and efficient manner without involving senior management or implementing compensating controls unnecessarily.