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ISACA CRISC Exam Syllabus Topics:

SectionWeightObjectives
Governance26%- Risk Strategy Alignment
  • 1. Business objectives alignment
    • 2. Stakeholder engagement
      - Enterprise Risk Management Framework
      • 1. Risk governance structure
        • 2. Risk appetite and tolerance
          Risk Response and Reporting32%- Risk Reporting
          • 1. Communication of risk status
            • 2. Stakeholder reporting mechanisms
              - Risk Treatment Options
              • 1. Risk transfer and avoidance
                • 2. Risk mitigation strategies
                  Monitoring and Control22%- Control Assurance
                  • 1. Control effectiveness evaluation
                    • 2. Audit and compliance support
                      - Risk Monitoring
                      • 1. Key risk indicators (KRIs)
                        • 2. Continuous monitoring processes
                          IT Risk Assessment20%- Risk Identification
                          • 1. Threat and vulnerability analysis
                            • 2. Asset identification
                              - Risk Analysis and Evaluation
                              • 1. Likelihood and impact assessment
                                • 2. Risk prioritization

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                                  ISACA Certified in Risk and Information Systems Control Sample Questions (Q404-Q409):

                                  NEW QUESTION # 404
                                  Which of the following poses the GREATEST risk to an organization's operations during a major it transformation?

                                  Answer: D

                                  Explanation:
                                  Unavailability of critical IT systems poses the greatest risk to an organization's operations during a major IT transformation, because it can disrupt the business continuity, productivity, and performance of the organization. Unavailability of critical IT systems can also cause financial, reputational, or legal damages to the organization, and affect the quality and delivery of products or services to the customers. The other options are not the greatest risks, although they may also pose some challenges or threats to the organization during a major IT transformation. Lack of robust awareness programs, infrequent risk assessments of key controls, and rapid changes in IT procedures are examples of management or process risks that can affect the planning, execution, or monitoring of the IT transformation, but they do not have the same impact or severity as the unavailability of critical IT systems. References = CRISC: Certified in Risk & Information Systems Control Sample Questions


                                  NEW QUESTION # 405
                                  Which of the following is the GREATEST risk associated with an environment that lacks documentation of
                                  the architecture?

                                  Answer: B

                                  Explanation:
                                  Architecture is the design and structure of a system or a process, such as an IT system or a business process.
                                  Architecture documentation is the document that describes and explains the architecture, such as its
                                  components, functions, relationships, requirements, constraints, orstandards. Architecture documentation can
                                  help to understand, communicate, and improve the system or the process1.
                                  An environment that lacks documentation of the architecture faces a great risk of unknown vulnerabilities,
                                  which are the weaknesses or flaws in the system or the process that could be exploited by threats or attackers,
                                  but are not identified or addressed by the organization. Unknown vulnerabilities can pose a serious risk to the
                                  organization, because they can:
                                  Compromise the confidentiality, integrity, and availability of the system or the process, and the information or
                                  resources that it handles or supports
                                  Cause financial, operational, reputational, or legal damages or losses to the organization, such as data
                                  breaches, fraud, errors, delays, or fines
                                  Remain undetected or unresolved for a long time, and increase the exposure or impact of the risk over time
                                  Require more resources or efforts to mitigate or recover from the risk, and reduce the efficiency or
                                  effectiveness of the risk management process23
                                  Lack of documentation of the architecture can increase the risk of unknown vulnerabilities, because it can:
                                  Prevent or hinder the identification and assessment of the vulnerabilities, and the evaluation and prioritization
                                  of the risks
                                  Impede or delay the implementation and enforcement of the controls or safeguards to prevent or reduce the
                                  vulnerabilities, and the monitoring and reporting of the risk status and progress
                                  Obstruct or limit the communication and coordination among the stakeholders, and the awareness and
                                  accountability of the risk owners and users
                                  Restrict or hamper the review and improvement of the system or the process, and the learning and feedback of
                                  the risk management4
                                  The other options are not the greatest risks associated with an environment that lacks documentation of the
                                  architecture, but rather some of the possible causes or consequences of it. Legacy technology systems are
                                  outdated or obsolete systems that are still in use by the organization, but are no longer supported or
                                  maintained by the vendors or developers. Legacy technology systems can be a cause of lack of documentation
                                  of the architecture, as they may have been developed or acquired without proper documentation, or the
                                  documentation may have been lost or discarded over time. Network isolation is the separation or segregation
                                  of a network or a system from other networks or systems, either physically or logically, to prevent or limit the
                                  access or communication between them. Network isolation can be a consequence of lack of documentation of
                                  the architecture, as it may result from the inability or difficulty to integrate or connect the system or the
                                  process with other systems or processes. Overlapping threats are threats that affect more than one system or
                                  process, or have similar or related sources or causes, such as natural disasters, cyberattacks, or human errors.
                                  Overlapping threats can be a consequence of lack of documentation of the architecture, as they may arise from
                                  the lack of understanding or coordination of the system or the process with other systems or
                                  processes. References =
                                  Architecture Documentation - ISACA
                                  Vulnerability - ISACA
                                  The Risks of Not Having a Vulnerability Management Program
                                  The Importance of Architecture Documentation - ISACA
                                  [The Risk of Poor Document Control - ComplianceBridge]
                                  [CRISC Review Manual, 7th Edition]


                                  NEW QUESTION # 406
                                  Which of the following test is BEST to map for confirming the effectiveness of the system access management process?

                                  Answer: A

                                  Explanation:
                                  Explanation/Reference:
                                  Explanation:
                                  Tying user accounts to access requests confirms that all existing accounts have been approved. Hence, the effectiveness of the system access management process can be accounted.
                                  Incorrect Answers:
                                  A: Tying user accounts to human resources (HR) records confirms whether user accounts are uniquely tied to employees, not accounts for the effectiveness of the system access management process.
                                  C: Tying vendor records to user accounts may confirm valid accounts on an e-commerce application, but it does not consider user accounts that have been established without the supporting access request.
                                  D: Tying access requests to user accounts confirms that all access requests have been processed; however, the test does not consider user accounts that have been established without the supporting access request.


                                  NEW QUESTION # 407
                                  Prudent business practice requires that risk appetite not exceed:

                                  Answer: A

                                  Explanation:
                                  Risk appetite is the amount and type of risk that an organization is willing to accept in order to achieve its
                                  objectives. Risk appetite reflects the organization's risk attitude and its willingness to take on risk in specific
                                  scenarios. Risk appetite is usually expressed in a qualitative statement approved by the board of directors1.
                                  Risk capacity is the maximum amount of risk that an organization can responsibly take on without
                                  jeopardizing its financial stability or other key objectives. Risk capacity is determined by objective factors
                                  like income, assets, liabilities, debts, insurance coverage, dependents, and time horizon. Risk capacity is
                                  usually expressed in a quantitative measure that sets the limit of how much risk the organization can handle2.
                                  Prudent business practice requires that risk appetite not exceed risk capacity, because this would mean that the
                                  organization is taking on more risk than it can afford or sustain. If the risk appetite is higher than the risk
                                  capacity, the organization may face serious consequences such as insolvency, bankruptcy, reputational
                                  damage, legal liability, or regulatory sanctions. Therefore, the organization should align its risk appetite with
                                  its risk capacity, and ensure that its risk exposure is within its risk tolerance3.
                                  The other options are not correct. Inherent risk is the level of risk that exists in the absence of controls or
                                  mitigations. It is the natural level of risk inherent in a process or activity. Residual risk is the level of riskthat
                                  remains after the controls or mitigations have been applied. It is the remaining risk after the risk response has
                                  been implemented. Risk tolerance is the acceptable variation in the outcomes related to specific objectives or
                                  risks. It is the range of risk exposure that the organization is prepared to accept4. None of these concepts are
                                  directly comparable torisk appetite, and none of them represent the limit of how much risk the organization
                                  can take on. References =
                                  Risk Appetite vs. Risk Tolerance: What is the Difference? - ISACA
                                  What Is the Difference Between Risk Tolerance and Risk Capacity? - Investopedia
                                  Risk Management: Understanding Risk Capacity, Appetite, and Tolerance - Consulting Edge
                                  [CRISC Review Manual, 7th Edition]


                                  NEW QUESTION # 408
                                  Jenny is the project manager for the NBT projects. She is working with the project team and several subject matter experts to perform the quantitative risk analysis process. During this process she and the project team uncover several risks events that were not previously identified. What should Jenny do with these risk events?

                                  Answer: A

                                  Explanation:
                                  Section: Volume A
                                  Explanation/Reference:
                                  Explanation:
                                  All identified risk events should be entered into the risk register.
                                  A risk register is an inventory of risks and exposure associated with those risks. Risks are commonly found in project management practices, and provide information to identify, analyze, and manage risks. Typically a risk register contains:
                                  * A description of the risk
                                  * The impact should this event actually occur
                                  * The probability of its occurrence
                                  * Risk Score (the multiplication of Probability and Impact)
                                  * A summary of the planned response should the event occur
                                  * A summary of the mitigation (the actions taken in advance to reduce the probability and/or impact of the event)
                                  * Ranking of risks by Risk Score so as to highlight the highest priority risks to all involved.
                                  Incorrect Answers:
                                  A: Before the risk events are analyzed they should be documented in the risk register.
                                  B: The risks should first be documented and analyzed.
                                  D: These risks should first be identified, documented, passed through qualitative risk analysis and then it should be determined if they should pass through the quantitative risk analysis process.


                                  NEW QUESTION # 409
                                  ......

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