What is the PRIMARY benefit to executive management when audit, risk, and security functions are aligned?
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A. B. C. D.B.
The primary benefit to executive management when audit, risk, and security functions are aligned is more effective decision-making.
When these functions are aligned, they work together to provide a more comprehensive and integrated approach to managing risks and ensuring the security of an organization. This alignment enables executive management to have a better understanding of the risks facing their organization, and to make more informed decisions based on the available information.
For example, if an organization's risk management function identifies a high-risk area that requires additional controls, the security function can work with the audit function to ensure that appropriate controls are in place and are being effectively monitored. This collaboration ensures that risks are being managed in a timely and effective manner, and that executive management has the necessary information to make informed decisions about the organization's risk posture.
Additionally, when audit, risk, and security functions are aligned, they can provide more timely risk reporting. This enables executive management to stay informed about emerging risks and potential threats, and to take appropriate action to mitigate those risks.
While reducing the number of assurance reports and increasing efficiency in incident handling are important benefits, they are not the primary benefit to executive management when audit, risk, and security functions are aligned. The primary benefit is the ability to make more effective decisions based on a more comprehensive understanding of the organization's risk posture.