Which statement is true regarding Continuous Monitoring?

Continuous Monitoring is a crucial component of risk management and compliance that focuses on the ongoing assessment of controls and risks within an organization. The statement that it mitigates the need for manual assessments is accurate because Continuous Monitoring utilizes automated tools and systems to continuously collect and analyze data related to compliance and risks. This automated process significantly reduces the reliance on periodic manual assessments, which can be time-consuming and may not capture real-time information regarding changes in the risk landscape.

By implementing Continuous Monitoring, organizations can achieve a more proactive approach to managing risks, ensuring they are alerted to issues as they arise instead of waiting for scheduled assessments. This capability enhances the organization's ability to respond to threats and maintain compliance effectively.

Contextually, while other aspects might seem relevant—such as management approval or the applicability of Continuous Monitoring to different types of controls—they do not address the core function of this practice as effectively as the correct statement does. Continuous Monitoring is applicable to a broad spectrum of controls beyond just financial ones and is generally considered a best practice for organizations aiming to maintain robust risk management systems. It is not optional in the sense that organizations looking to enhance their risk posture and compliance efforts should integrate it into their processes.