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ISACA CRISC Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Governance26%- Risk management strategy and policies
  • 1. Development and maintenance
    • 2. Integration with enterprise risk management
      • 3. Compliance with legal and regulatory requirements
        - Organizational risk governance framework
        • 1. Alignment with business objectives
          • 2. Roles, responsibilities and accountability
            • 3. Risk appetite and tolerance definition
              - Control framework design and implementation
              • 1. Control monitoring and evaluation
                • 2. Control objectives and activities
                  Topic 2: IT Risk Assessment22%- Risk identification
                  • 1. Impact and likelihood analysis
                    • 2. Asset classification and valuation
                      • 3. Threat and vulnerability identification
                        - Risk assessment methodologies and tools
                        • 1. Documentation and reporting
                          • 2. Assessment techniques and best practices
                            - Risk analysis and evaluation
                            • 1. Risk prioritization and ranking
                              • 2. Risk register development and maintenance
                                • 3. Qualitative and quantitative assessment methods
                                  Topic 3: Risk Response and Reporting32%- Risk response strategies
                                  • 1. Risk avoidance, mitigation, transfer, acceptance
                                    • 2. Cost-benefit analysis of responses
                                      • 3. Control selection and implementation
                                        - Risk communication and reporting
                                        • 1. Stakeholder engagement and communication
                                          • 2. Compliance and audit reporting
                                            • 3. Reporting formats and frequency
                                              - Risk monitoring and control
                                              • 1. Performance measurement and trend analysis
                                                • 2. Key risk indicators (KRIs) definition and use
                                                  • 3. Incident management and response
                                                    Topic 4: Technology and Security20%- Emerging technologies and risk
                                                    • 1. Digital transformation risk management
                                                      • 2. New technology risk assessment
                                                        - Infrastructure and application security
                                                        • 1. Resilience and recovery strategies
                                                          • 2. Application development and security testing
                                                            • 3. Network, cloud and endpoint security
                                                              - Information systems security
                                                              • 1. Security architecture and design
                                                                • 2. Access control and identity management
                                                                  • 3. Data protection and privacy

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                                                                    ISACA Certified in Risk and Information Systems Control Sample Questions (Q1628-Q1633):

                                                                    NEW QUESTION # 1628
                                                                    Which of the following is the BEST way to determine the ongoing efficiency of control processes?

                                                                    Answer: A

                                                                    Explanation:
                                                                    Control processes are the procedures and activities that aim to ensure the effectiveness and efficiency of the
                                                                    organization's operations, the reliability of its information, and the compliance with its policies and
                                                                    regulations12.
                                                                    The ongoing efficiency of control processes is the degree to which the control processes achieve their
                                                                    intended results with minimum resources, costs, or waste34.
                                                                    The best way to determine the ongoing efficiency of control processes is to analyze key performance
                                                                    indicators (KPIs), which are quantifiable measures of progress toward an intended result, such as a strategic
                                                                    objective or a desired outcome56.
                                                                    Analyzing KPIs is the best way because it provides a systematic and consistent method of evaluating the
                                                                    performance of the control processes, and identifying the areas of improvement or optimization56.
                                                                    Analyzing KPIs is also the best way because it enables the organization to monitor and report the efficiency of
                                                                    the control processes to the relevant stakeholders, and to take corrective or preventive actions when
                                                                    necessary56.
                                                                    The other options are not the best way, but rather possible sources of information or inputs that may support
                                                                    or complement the analysis of KPIs. For example:
                                                                    Performing annual risk assessments is a way to identify and evaluate the risks that may affect the organization'
                                                                    s objectives, and to determine the adequacy and effectiveness ofthe control processes in mitigating those
                                                                    risks12. However, this way is not the best because it is periodic rather than continuous, and may not capture
                                                                    the changes or trends in the efficiency of the control processes12.
                                                                    Interviewing process owners is a way to collect and verify the information and feedback from the people who
                                                                    are responsible for designing, implementing, and operating the control processes12. However, this way is not
                                                                    the best because it is subjective and qualitative, and may not provide reliable or comparable data on the
                                                                    efficiency of the control processes12.
                                                                    Reviewing the risk register is a way to examine and update the documentation and status of the risks and the
                                                                    control processes that are associated with them12. However, this way is not the best because it is descriptive
                                                                    rather than analytical, and may not measure or evaluate the efficiency of the control processes12. References =
                                                                    1: Risk IT Framework, ISACA, 2009
                                                                    2: IT Risk Management Framework, University of Toronto, 2017
                                                                    3: The Control Process | Principles of Management4
                                                                    4: Control Management: What it is + Why It's Essential | Adobe Workfront5
                                                                    5: What is a Key Performance Indicator (KPI)? Guide & Examples - Qlik1
                                                                    6: What is a Key Performance Indicator (KPI)? - KPI.org2


                                                                    NEW QUESTION # 1629
                                                                    Which of the following should be the risk practitioner s FIRST course of action when an organization has decided to expand into new product areas?

                                                                    Answer: A

                                                                    Explanation:
                                                                    The first course of action for the risk practitioner when an organization has decided to expand into new product areas is to identify any new business objectives with stakeholders. Business objectives are the specific, measurable, achievable, relevant, and time-bound (SMART) goals that the organization aims to accomplish through its products and services. Stakeholders are the parties who have an interest or influence in the organization and its products and services, such as customers, employees, shareholders, suppliers, regulators, or competitors. Identifying any new business objectives with stakeholders is the first course of action, because it helps to understand and define the purpose, scope, and criteria of the new product areas, and to align them with the organization's vision, mission, and strategy. Identifying any new business objectives with stakeholders also helps to establish the expectations, needs, and requirements of the stakeholders, and to ensure their engagement and support for the new product areas. Identifying any new business objectives with stakeholders is the basis for the subsequent risk management activities, such as identifying, analyzing, evaluating, and responding to the risks associated with the new product areas. The other options are not the first course of action, although they may be related or subsequent steps in the risk management process.
                                                                    Presenting a business case for new controls to stakeholders is a part of the risk response process, which involves selecting and executing the appropriate actions to reduce, avoid, share, or exploit the risks associated with the new product areas. Presenting a business case for new controls to stakeholders can help to justify and communicate the value and impact of the new controls, and to obtain the approval and resources for implementing them. However, this is not the first course of action, as it depends on the identification and prioritization of the business objectives and the risks. Revising the organization's risk and control policy is a part of the risk governance process, which involves defining and updating the rules and guidelines for managing the risks and the controls associated with the new product areas. Revising the organization's risk and control policy can help to ensure the consistency and effectiveness of the risk management process, and to comply with the relevant laws and regulations. However, this is not the first course of action, as it follows the identification and assessment of the business objectives and the risks. Reviewing existing risk scenarios with stakeholders is a part of the risk monitoring and review process, which involves evaluating and improving the performance and outcomes of the risk management process for the new product areas. Reviewing existing risk scenarios with stakeholders can help to identify and address any changes or issues in the risk levels or the risk responses, and to provide feedback and learning for the risk management process. However, this is not the first course of action, as it requires the identification and analysis of the business objectives and the risks.
                                                                    References = Risk Scenarios Toolkit - ISACA, How to Write Strong Risk Scenarios and Statements - ISACA, The Role of Executive Management in ERM - Corporate Compliance Insights


                                                                    NEW QUESTION # 1630
                                                                    Which of the following is the MOST important information to be communicated during security awareness training?

                                                                    Answer: C


                                                                    NEW QUESTION # 1631
                                                                    An internal audit report reveals that a legacy system is no longer supported Which of the following is the risk
                                                                    practitioner's MOST important action before recommending a risk response'

                                                                    Answer: D

                                                                    Explanation:
                                                                    A legacy system is an old or outdated IT system that is still in use by an organization. A legacy system may
                                                                    pose various risks to the organization, such as security vulnerabilities, compatibility issues, performance
                                                                    degradation, maintenance challenges, etc. When an internal audit report reveals that a legacy system is no
                                                                    longer supported by the vendor or the manufacturer, the risk practitioner's most important action before
                                                                    recommending a risk response is to assess the potential impact and cost of mitigation, which means to
                                                                    estimate the consequences and expenses of the risk event if the legacy system fails or malfunctions. By
                                                                    assessing the potential impact and cost of mitigation, the risk practitioner can evaluate the risk exposure and
                                                                    determine the appropriate risk response, such as accepting, avoiding, transferring, or reducing the
                                                                    risk. References = 4


                                                                    NEW QUESTION # 1632
                                                                    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?

                                                                    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 # 1633
                                                                    ......

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