CRISC - Certified in Risk and Information Systems Control–Valid Valid Study Guide

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ISACA CRISC Exam Syllabus Topics:

SectionWeightObjectives
Monitoring and Reporting28%- Risk and control monitoring
  • 1. Continuous monitoring
  • 2. Control testing and validation
  • 3. Incident management
- Communicate risk and control status
  • 1. Risk dashboards and reporting
  • 2. Board reporting
  • 3. Senior management reporting
- Key risk indicator (KRI) development
  • 1. KRI threshold setting
  • 2. Performance monitoring
IT Risk Identification26%- Collect and process information
  • 1. Business continuity and disaster recovery
  • 2. Risk aggregation and reporting
  • 3. Risk taxonomy and terminology
- Analyze and classify information
  • 1. Risk scenarios and events
  • 2. Threat landscape and vulnerability assessment
- Communicate risk analysis
  • 1. Risk reporting and escalation
  • 2. Risk register management
Risk Response and Mitigation20%- Manage and monitor risk treatment
  • 1. Risk appetite and tolerance
  • 2. Third-party risk management
  • 3. Risk response strategies
- Develop and implement controls
  • 1. Control design and optimization
  • 2. Control types and classification
IT Risk Assessment26%- Risk analysis methodologies
  • 1. Risk ownership and accountability
  • 2. Qualitative and quantitative analysis
- Assess capability maturity
  • 1. Control assessment framework
  • 2. Risk management maturity models
- Identify control effectiveness
  • 1. Risk and control gap analysis
  • 2. Root cause analysis

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ISACA Certified in Risk and Information Systems Control Sample Questions (Q1256-Q1261):

NEW QUESTION # 1256
An organization has engaged a third party to provide an Internet gateway encryption service that protects sensitive data uploaded to a cloud service. This is an example of risk:

Answer: B

Explanation:
Section: Volume D
Explanation/Reference:


NEW QUESTION # 1257
Which of the following is MOST important for effective communication of a risk profile to relevant stakeholders?

Answer: C

Explanation:
Detailed Explanation:Customizing the risk profile presentation ensures that stakeholders receive information in a format and context relevant to their roles. Tailored communication improves understanding, aligns risk discussions with decision-making needs, and ensures the stakeholders are equipped to act on the information effectively.


NEW QUESTION # 1258
Who should be responsible for strategic decisions on risk management?

Answer: D

Explanation:
Strategic decisions on risk management are the decisions that involve setting the direction, objectives, and priorities for risk management within an organization, as well as aligning them with the organization's overall strategy, vision, and mission1. Strategic decisions on risk management also involve defining the organization's risk appetite and tolerance, which are the amount and level of risk that the organization is willing and able to accept to achieve its goals2. The responsibility for strategic decisions on risk management should belong to the executive management team, which is the group of senior leaders who have the authority and accountability for the organization's performance and governance3. The executive management team has the best understanding of the organization's strategic context, environment, and stakeholders, and can make informed and balanced decisions that consider the benefits and costs of risk-taking4. The executive management team also has the ability and responsibility to communicate and cascade the strategic decisions on risk management to the rest of the organization, and to monitor and evaluate their implementation and outcomes5. The chief information officer (CIO), the audit committee, and the business process owner are not the best choices for being responsible for strategic decisions on risk management, as they do not have the same level of authority and accountability as the executive management team. The CIO is the senior leader who oversees the organization's information and technology strategy, resources, and systems6. The CIO may be involved in providing input and feedback to the executive management team on the strategic decisions on risk management, especially those related to IT risk, but they do not have the final say or the overall responsibility for them. The audit committee is a subcommittee of the board of directors that oversees the organization's financial reporting, internal controls, and external audits7. The audit committee may be involved in reviewing and approving the strategic decisions on risk management, as well as ensuring their compliance with the relevant laws and standards, but they do not have the authority or the expertise to make or implement them.
The business process owner is the person who has the authority and accountability for a business process that supports or enables the organization's objectives and functions. The business process owner may be involved in executing and reporting on the strategic decisions on risk management, as well as identifying and mitigating the risks related to their business process, but they do not have the perspective or the influence to make or communicate them. References = 1: Strategic Risk Management: Complete Overview (With Examples)2:
[Risk Appetite and Tolerance - ISACA] 3: [Senior Management - Definition, Roles and Responsibilities] 4: Stanford Strategic Decision and Risk Management | Stanford Online5: A 7-Step Process for Strategic Risk Management - RiskOptics - Reciprocity6: [Chief Information Officer (CIO) - Gartner IT Glossary] 7: [Audit Committee - Overview, Functions, and Responsibilities] : [Business Process Owner - Gartner IT Glossary] : [Business Process Owner - Roles and Responsibilities] : [Risk and Information Systems Control Study Manual, Chapter 1: IT Risk Identification, Section 1.1: IT Risk Concepts, pp. 17-19.]


NEW QUESTION # 1259
Which of the following is the PRIMARY objective of risk management?

Answer: B


NEW QUESTION # 1260
Which of the following is the MOST effective way to integrate risk and compliance management?

Answer: B

Explanation:
Embedding risk management into processes that are aligned with business drivers is the most effective way to integrate risk and compliance management, as it ensures that the risk management objectives and activities are consistent and supportive of the enterprise's strategic goals and values. It also enables the identification and management of risks and compliance requirements across the enterprise, and the optimization of risk and compliance resources and performance. Embedding risk management into compliance decision-making, designing corrective actions to improve risk response capabilities, and conducting regular self-assessments to verify compliance are not ways to integrate risk and compliance management, but rather components or outcomes of the risk and compliance management process. References = CRISC Practice Quiz and Exam Prep; CRISC: Certified in Risk & Information Systems Control Sample Questions, question 202.


NEW QUESTION # 1261
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