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ISACA Certified in the Governance of Enterprise IT · Isaca
Select one answer.
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A. Update the organization's risk profile. Updating the organization's risk profile involves assessing the new regulatory compliance requirements and understanding how they impact the enterprise's operations, activities, and potential risks. By updating the risk profile, the enterprise can identify any gaps in compliance and prioritize actions to address them effectively. This step is essential for ensuring that the enterprise understands the implications of the new regulatory requirements and can develop appropriate strategies for compliance. Once the risk profile is updated, the enterprise can then proceed with other actions such as appointing a compliance officer, outsourcing compliance processes, or having executive management monitor compliance, as necessary.
It should be A - Updating the organization's risk profile involves identifying the new risks and compliance requirements associated with entering the new market. By updating the risk profile, the enterprise can ensure that it has an accurate understanding of the risks and can prioritize its efforts to address them.
Why not A?