TRY THE FREE ISACA CRISC EXAM QUESTIONS DEMO

Try the Free ISACA CRISC Exam Questions Demo

Try the Free ISACA CRISC Exam Questions Demo

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Tags: New CRISC Exam Practice, CRISC Testking, CRISC Certification Questions, CRISC Top Questions, CRISC Reliable Exam Materials

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To be eligible to take the CRISC exam, candidates must have at least three years of experience in the field of information systems control, and at least one year of experience in at least two of the four domains covered by the exam. Additionally, candidates must adhere to the ISACA Code of Professional Ethics and pass the CRISC exam within five years of applying for certification.

ISACA CRISC (Certified in Risk and Information Systems Control) Exam is a globally recognized certification that focuses on information systems risk management. Certified in Risk and Information Systems Control certification is designed for professionals who are responsible for managing and mitigating risks associated with information systems. The CRISC Certification is aimed at individuals who work in the fields of IT risk management, information security, and IT governance.

The CRISC certification exam is a computer-based exam that consists of 150 multiple-choice questions. Candidates have four hours to complete the exam. CRISC exam is offered during three testing windows each year and is available at various testing centers around the world. Candidates must meet certain eligibility requirements, such as having a minimum of three years of relevant work experience in IT risk management and information systems control.

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CRISC Testking, CRISC Certification Questions

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ISACA Certified in Risk and Information Systems Control Sample Questions (Q800-Q805):

NEW QUESTION # 800
Which of the following requirements is MOST important to include in an outsourcing contract to help ensure sensitive data stored with a service provider is secure?

  • A. Risk assessment results must be provided to the organization at least annually.
  • B. A third-party assessment report of control environment effectiveness must be provided at least annually.
  • C. A cyber insurance policy must be purchased to cover data loss events.
  • D. Incidents related to data toss must be reported to the organization immediately after they occur.

Answer: B

Explanation:
The most important requirement to include in an outsourcing contract to help ensure sensitive data stored with a service provider is secure is a third-party assessment report of control environment effectiveness. This will help to verify that the service provider has implemented adequate security controls and practices to protect the data, and that they comply with the enterprise's security policies and standards. A third-party assessment report also provides an independent and objective assurance of the service provider's security posture and performance. Incidents related to data loss, risk assessment results, and cyber insurance policy are also important requirements to include in an outsourcing contract, but they are not as important as a third-party assessment report. References = Risk and Information Systems Control Study Manual, 7th Edition, Chapter 5, Section 5.2.1.2, page 2461
1: ISACA Certified in Risk and Information Systems Control (CRISC) Exam Guide, Answer to Question
643.


NEW QUESTION # 801
Which of the following should be done FIRST when a new risk scenario has been identified

  • A. Design control improvements.
  • B. Identify the risk owner.
  • C. Establish key risk indicators (KRIs).
  • D. Estimate the residual risk.

Answer: B

Explanation:
*A risk owner is the person or entity that has the authority and responsibility to manage a specific risk1. The
risk owner is accountable for the implementation and effectiveness of the risk response strategy and the risk
treatment plan2.
*Identifying the risk owner is the first step when a new risk scenario has been identified, because the risk
owner is the key stakeholder who will be involved in the subsequent steps of the risk management process,
such as risk analysis, risk evaluation, risk treatment, and risk monitoring2.
*Identifying the risk owner also helps to clarify the roles and responsibilities of different parties involved in
the risk management process, such as the risk manager, the risk analyst, the risk committee, and the risk
auditor3. This can improve the communication, coordination, and collaboration among the risk management
team and ensure that the risk is managed effectively and efficiently.
*Estimating the residual risk (option A) is not the first step when a new risk scenario has been identified,
because the residual risk is the risk that remains after the risk treatment plan has been implemented2.
Therefore, estimating the residual risk requires prior steps such as risk analysis, risk evaluation, and risk
treatment.
*Establishing key risk indicators (KRIs) (option B) is not the first step when a new risk scenario has been
identified, because KRIs are metrics or data points that provide early warning signals or information about the
level or trend of a risk4. Therefore, establishing KRIs requires prior steps such as risk identification, risk
analysis, and risk evaluation.
*Designing control improvements (option C) is not the first step when a new risk scenario has been identified,
because control improvements are part of the risk treatment plan, which is the set of actions and resources
needed to implement the chosen risk response strategy2. Therefore,designing control improvements requires
prior steps such as risk analysis, risk evaluation, and risk response selection.
References =
*Risk Owner - Institute of Internal Auditors
*Risk Treatment Plan - ISACA
*Risk Management Roles and Responsibilities - 360factors
*Key Risk Indicators: A Practical Guide | SafetyCulture


NEW QUESTION # 802
What is the MAIN purpose of designing risk management programs?

  • A. Explanation:
    Risk cannot be removed completely from the enterprise; it can only be reduced to a level that an
    organization is willing to accept. Risk management programs are hence designed to accomplish
    the task of reducing risks.
  • B. is incorrect. Reducing risk to a level too small to measure is not practical and is often
    cost-prohibitive.
  • C. is incorrect. Depending on the risk preference of an enterprise, it may or may not
    choose to pursue risk mitigation to the point at which benefit equals or exceeds the expense.
    Hence this is not the primary objective of designing the risk management program.
  • D. To reduce the risk to a level that is too small to be measurable
  • E. To reduce the risk to the point at which the benefit exceeds the expense
  • F. To reduce the risk to a rate of return that equals the current cost of capital
  • G. To reduce the risk to a level that the enterprise is willing to accept

Answer: G

Explanation:
is incorrect. Reducing risks to a specific return ignores the qualitative aspects of the risk
which should also be considered.


NEW QUESTION # 803
An organization is participating in an industry benchmarking study that involves providing customer transaction records for analysis Which of the following is the MOST important control to ensure the privacy of customer information?

  • A. Data cleansing
  • B. Data anonymization
  • C. Nondisclosure agreements (NDAs)
  • D. Data encryption

Answer: A


NEW QUESTION # 804
A risk practitioner notices that a particular key risk indicator (KRI) has remained below its established trigger point for an extended period of time. Which of the following should be done FIRST?

  • A. Update the risk tolerance and risk appetite to better align to the KRI.
  • B. Update the risk rating associated with the KRI In the risk register.
  • C. Recommend a re-evaluation of the current threshold of the KRI.
  • D. Notify management that KRIs are being effectively managed.

Answer: C

Explanation:
The FIRST thing that should be done when a KRI has remained below its established trigger point for an extended period of time is to recommend a re-evaluation of the current threshold of the KRI, because it may indicate that the trigger point is set too high or too low, or that the KRI is not relevant or effective in measuring the risk exposure. A re-evaluation of the current threshold of the KRI may result in adjusting the trigger point, changing the KRI, or removing the KRI. The other options are not the first thing that should be done, because:
* Option B: Notifying management that KRIs are being effectively managed is not the first thing that
* should be done, because it may not reflect the true risk status and performance. A KRI that remains below its trigger point for a long time may not be a valid or reliable indicator of the risk exposure, and it may not capture the changes or trends in the risk environment.
* Option C: Updating the risk rating associated with the KRI in the risk register is not the first thing that should be done, because it may not be accurate or consistent. A risk rating is based on the likelihood and impact of the risk, and it should be derived from a comprehensive risk analysis, not just from a single KRI. A KRI that remains below its trigger point for a long time may not reflect the actual likelihood and impact of the risk, and it may not be aligned with the other risk indicators and assessments.
* Option D: Updating the risk tolerance and risk appetite to better align to the KRI is not the first thing that should be done, because it may not be appropriate or feasible. Risk tolerance and risk appetite are the acceptable level of risk exposure and variation that the enterprise is willing to accept in pursuit of its objectives, and they are determined by the executive management and the board of directors, based on the enterprise's strategy and goals. A KRI that remains below its trigger point for a long time may not represent the desired or optimal level of risk exposure and variation, and it may not be aligned with the enterprise's strategy and goals. References = Risk and Information Systems Control Study Manual, 7th Edition, ISACA, 2020, p. 121.


NEW QUESTION # 805
......

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