Certified in Risk and Information Systems Control (CRISC) Practice Test

The assertion that governance ensures accountability between the board and stakeholders is accurate because it emphasizes the pivotal role governance plays in maintaining transparent and responsible relationships within an organization. Effective governance structures establish clear lines of accountability, ensuring that the board of directors and management are aligned with stakeholders' interests. This alignment is crucial for building trust and ensuring that the organization's actions reflect its values and commitments to shareholders, employees, customers, and the wider community.

Governance entails various mechanisms and practices to guide decision-making, risk management, and strategic direction, all of which contribute to fostering accountability. It creates a framework that not only encourages ethical behavior but also promotes accountability in monitoring performance and compliance with laws and standards. This emphasis on accountability is integral in preventing conflicts of interest and ensuring the organization remains focused on stakeholder value.

In contrast, focusing solely on internal audits, being exclusively concerned with regulatory compliance, or not involving decision-making processes do not encompass the complete scope of governance. Each of these aspects plays a role within the larger governance framework but does not fully encapsulate the essence of governance itself.