CGEIT Exam Questions With Correct Answers

Core components of Enterprise Governance - Answer Corporate Governance (conformance) and Business Governance (performance) Enterprise Governance - Answer A set of responsibilities and practices exercised by the Board and exec mgmt with the goal of providing strategic direction, ensuring that objectives are acheived, ascertaining that risks are managed appropriately and verifying that the enterprise's resources are used responsibly. Corporate Governance - Answer AKA conformance. Covers issues such as board structure, role and executive remuneration. Retrospective Business Governance - Answer AKA performance. Focuses on strategy and value creation, and on helping the board made strategic decisions, understand its appetite for risk and its key drivers of performance, and identify its key points of decision making. Difficult to administer standards and audit. IFAC recommends the use of a strategic scorecard. Prospective Governance of Key Assets - Answer Includes human assets, financial assets, physical assets, IP assets, information and IT assets, and relationship assets. IT is therefore a core element of enterprise governance. IT governance focuses primarily on this one category of key assets. COBIT 5 - Answer A business framework for the governance and management of enterprise IT. Aligns with other standards and frameworks at a high level and can serve as the overarching framework for governance and management of enterprise IT. COBIT 5 Processes for Governance of EIT - Answer Evaluate, Direct, Monitor (p. 13) COBIT 5 Processes for Management of Enterprise EIT - Answer 1. Align, plan, and organize 2. Build, acquire, and implement 3. Deliver, service, and support.