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Free ISACA CRISC Exam Questions (page: 33)

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PDF with 1895 Questions

A penetration testing team discovered an ineffectively designed access control.
Who is responsible for ensuring the control design gap is remediated?

  1. Control owner
  2. Risk owner
  3. IT security manager
  4. Control operator

Answer(s): A

Explanation:

Role of the Control Owner:
The control owner is responsible for the design, implementation, and maintenance of a specific control.
They have detailed knowledge of the control's purpose, its intended functionality, and its operational context within the organization.
Responsibility for Remediation:

When a penetration testing team discovers an ineffectively designed access control, it is the control owner's responsibility to ensure the design gap is remediated. The control owner must assess the findings, determine the root cause of the ineffectiveness, and take necessary actions to redesign or enhance the control to address the identified weaknesses.
Steps to Remediate Control Design Gap:
Assess the Findings:Understand the specific issues identified by the penetration testing team. Redesign the Control:Modify the control design to address the identified gaps and ensure it meets security requirements.
Implement Changes:Apply the redesigned control and test its effectiveness.

Continuous Monitoring:Regularly review the control to ensure it remains effective over time.
Comparing Other Roles:
Risk Owner:Manages overall risk but does not directly handle control design. IT Security Manager:Oversees the security posture but delegates specific control responsibilities to control owners.
Control Operator:Operates the control but is not responsible for its design or remediation.


Reference:

The CRISC Review Manual emphasizes the control owner's responsibility in maintaining and improving control effectiveness (CRISC Review Manual, Chapter 3: Risk Response and Mitigation, Section 3.7 Control Design and Selection) .



When assessing the maturity level of an organization's risk management framework, which of the following deficiencies should be of GREATEST concern to a risk practitioner?

  1. Unclear organizational risk appetite
  2. Lack of senior management participation
  3. Use of highly customized control frameworks
  4. Reliance on qualitative analysis methods

Answer(s): B

Explanation:

Senior management participation is essential for the success of an organization's risk management framework, as it demonstrates the commitment, support, and leadership for the risk management activities. Senior management participation also ensures that the risk management framework is aligned with the organization's strategy, objectives, and culture, and that the risk management roles and responsibilities are clearly defined and communicated. Senior management participation also facilitates the allocation of adequate resources, the establishment of risk appetite and tolerance, and the monitoring and reporting of risk performance. Therefore, the lack of senior management participation should be of greatest concern to a risk practitioner, as it indicates a low level of risk maturity and a high level of risk exposure. The other options are not as concerning as the lack of senior management participation, because they do not affect the risk management framework as significantly, and they can be addressed or improved with the involvement of senior management, as explained below:
A . Unclear organizational risk appetite is a deficiency that can affect the risk management framework, as it can lead to inconsistent or inappropriate risk decisions and responses. However, this deficiency can be resolved or mitigated with the participation of senior management, whocan define and communicate the risk appetite and tolerance for the organization, and ensure that they are aligned with the organization's strategy and objectives. C . Use of highlycustomized control frameworks is a deficiency that can affect the risk management framework, as it can create complexity, confusion, or duplication in the control design and implementation. However, this deficiency can be resolved or mitigated with the participation of senior management, who can review and rationalize the control frameworks, and ensure that they are relevant, effective, and efficient for the organization's risk profile and environment.
D . Reliance on qualitative analysis methods is adeficiency that can affect the risk management framework, as it can limit the accuracy, reliability, and comparability of the risk information and assessment. However, this deficiency can be resolved or mitigated with the participation of senior management, who can support and promote the use of quantitative analysis methods, such as the FAIR framework1, and provide the necessary data, tools, and skills for the risk analysis and evaluation. References = Risk and Information Systems Control Study Manual, Chapter 1, Section 1.3.2, page 18.



After the review of a risk record, internal audit questioned why the risk was lowered from medium to low.
Which of the following is the BEST course of action in responding to this inquiry?

  1. Obtain industry benchmarks related to the specific risk.
  2. Provide justification for the lower risk rating.
  3. Notify the business at the next risk briefing.
  4. Reopen the risk issue and complete a full assessment.

Answer(s): B

Explanation:

The best course of action in responding to the internal audit inquiry is to provide justification for the lower risk rating. This would demonstrate that the risk record was updated based on a valid and documented rationale, such as changes in the risk environment, risk drivers, risk indicators, or risk responses. Providing justification would also help to maintain the transparency and accountability of the risk management process, and ensure that the internal audit is satisfied with the risk assessment outcome. References = Risk and Information Systems Control Study Manual, 7th Edition, Chapter 4, Section 4.2.3, page 184.



An organization control environment is MOST effective when:

  1. control designs are reviewed periodically
  2. controls perform as intended.
  3. controls are implemented consistently.
  4. controls operate efficiently

Answer(s): B

Explanation:

The organization control environment is most effective when the controls perform as intended. The controls are the mechanisms or measures that are designed and implemented to prevent, detect, or correct the risks that may affect the achievement of the objectives. The controls perform as intended when they provide reasonable assurance that the risks are mitigated or managed to an acceptable level, and that the objectives are met or exceeded. The performance of the controls can be measured and evaluated by using key performance indicators (KPIs) and key risk indicators (KRIs). The other options are not as indicative of the effectiveness of the control environment, as they are related to the review, implementation, or efficiency of the controls, not the performance or assurance of the controls. References = Risk and Information Systems Control Study Manual, Chapter 2: IT Risk Assessment, Section 2.3: IT Control Assessment, page 69.



Which of the following BEST enables risk-based decision making in support of a business continuity plan (BCP)?

  1. Impact analysis
  2. Control analysis
  3. Root cause analysis
  4. Threat analysis

Answer(s): A

Explanation:

The best tool to enable risk-based decision making in support of a business continuity plan (BCP) is an impact analysis. An impact analysis is a process of identifying and evaluating the potential effects of an interruption or disruption of business operations on the organization'scritical functions, processes, and resources. An impact analysis can help to determine the recovery priorities, objectives, and strategies forthe BCP. Control analysis, root cause analysis, and threat analysis are other possible tools, but they are not as effective as an impact analysis. References = ISACA Certified in Risk and Information Systems Control

(CRISC) Certification Exam Question and Answers, question 12; CRISC Review Manual, 6th Edition, page 215.



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

  1. Lack ofrobust awareness programs
  2. infrequent risk assessments of key controls
  3. Rapid changes in IT procedures
  4. Unavailability of critical IT systems

Answer(s): 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



Which of the following is the MOST important success factor when introducing risk management in an organization?

  1. Implementing a risk register
  2. Defining a risk mitigation strategy and plan
  3. Assigning risk ownership
  4. Establishing executive management support

Answer(s): D

Explanation:

Establishing executive management support is the most important success factor when introducing risk management in an organization. This is because executive management support can help ensure that risk management is aligned with the organization's vision, mission, and strategy, as well as provide the necessary resources, authority, and accountability for riskmanagement activities. Executive management support can also help foster a risk-aware culture,promote stakeholder engagement, and facilitate risk communication and reporting. According to the CRISC Review Manual 2022, one of the key elements of IT governance is to obtain executive management support and commitment for risk management1. According to the web search results, executive management support is a critical success factor for risk management in various contexts and industries234.



Which of the following provides the MOST helpful information in identifying risk in an organization?

  1. Risk registers
  2. Risk analysis
  3. Risk scenarios
  4. Risk responses

Answer(s): C

Explanation:

Risk scenarios provide the MOST helpful information in identifying risk in an organization, because they describe the possible events, causes, effects, and impacts of a risk on the organization's objectives and processes. Risk scenarios help to identify the sources, drivers, and indicators of risk, as well as the potential consequences and likelihood of occurrence. The other options are not as helpful as risk scenarios, because:

Option A: Risk registers are tools to document and track the identified risks, their characteristics, and their status, but they do not provide information on how to identify risks in the first place.
Option B: Risk analysis is a process to assess the likelihood and impact of the identified risks, and to prioritize them based on their severity, but it does not provide information on how to identify risks in the first place.
Option D: Risk responses are actions to address the identified risks, either by reducing, transferring, avoiding, or accepting them, but they do not provide information on how to identify risks in the first place. References = Risk and Information Systems Control Study Manual, 7th Edition, ISACA, 2020, p. 105.



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