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ISACA CRISC Exam Questions
Certified in Risk and Information Systems Control (Page 54 )

Updated On: 24-Feb-2026
Page 54 of 380
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Which element of an organization's risk register is MOST important to update following the commissioning of a new financial reporting system?

  1. Key risk indicators (KRIs)
  2. The owner of the financial reporting process
  3. The risk rating of affected financial processes
  4. The listof relevant financial controls

Answer(s): C

Explanation:

The most important element of an organization's risk register to update following the commissioning of a new financial reporting system is the risk rating of affected financial processes. A risk rating is a measure of the level and nature of the risk exposure, based on the impact and likelihood of the risk events. A risk rating can help to prioritize and respond to the risks, and to monitor and report the risk status. A new financial reporting system may introduce new or different risks, or change the existing risks, that could affect the financial processes of the organization, such as data quality, accuracy, timeliness, compliance, or security. Therefore, the risk rating of affected financial processes should be updated to reflect the current risk situation and to ensure that the risk register is accurate and complete. Key risk indicators (KRIs), the owner of the financial reporting process, and the list of relevant financial controls are not asimportant as the risk rating of affected financial processes, as they are not directly affected by the commissioning of a new financial reporting system, and they do not measure the risk exposure and impact of the financial processes. References = CRISC Review Manual, 6th Edition, ISACA, 2015, page 48.



When collecting information to identify IT-related risk, a risk practitioner should FIRST focus on IT:

  1. risk appetite.
  2. security policies
  3. process maps.
  4. risktolerance level

Answer(s): A

Explanation:

When collecting information to identify IT-related risk, a risk practitioner should first focus on IT risk appetite, which is the amount of risk that the organization is willing to accept in pursuit of its IT objectives, before action is deemed necessary to reduce the risk1. IT risk appetite reflects the organization's IT risk attitude and its willingness to accept risk in specific scenarios, with a governance model in place for IT risk oversight. IT risk appetite helps to guide the organization's approach to IT risk and IT risk management, and to align its IT risk decisions with its business objectives and context. The other options are not the best answers, as they are either derived from or dependent on the IT risk appetite. IT security policies are the rules and guidelines that define the organization's IT security objectives, requirements, and responsibilities, and they are based on the IT risk appetite. IT process maps are the graphical representations of the IT processes, activities, and tasks that support the organization's IT objectives, and they are influenced by the IT risk appetite. IT risk tolerance level is the acceptable variation between the IT risk thresholds and the IT objectives, and it is determined by the IT risk appetite. References = IT Risk Resources | ISACA; RiskAppetite vs. Risk Tolerance: What is the Difference?; IT Risk Management - an overview | ScienceDirect Topics; IT Risk Management Framework - an overview | ScienceDirect Topics



Which of the following is the MOST important course of action for a risk practitioner when reviewing the results of control performance monitoring?

  1. Evaluate changes to the organization'srisk profile.
  2. Validate whether the controls effectively mitigate risk.
  3. Confirm controls achieve regulatory compliance.
  4. Analyze appropriateness of key performance indicators (KPIs).

Answer(s): B

Explanation:

The most important course of action for a risk practitioner when reviewing the results of control performance monitoring is to validate whether the controls effectively mitigate risk, as it involves verifying and testing the adequacy and performance of the controls, and identifying any control gaps or deficiencies that may affect the risk level and response. The other options are not the most important courses of action, as they are more related to the evaluation, confirmation, or analysis of the risk profile, compliance, or indicators, respectively, rather than the validation of the control effectiveness. References = CRISC Review Manual, 7th Edition, page 154.



Which of the following is the MOST effective way to mitigate identified risk scenarios?

  1. Assign ownership of the risk response plan
  2. Provide awareness in early detection of risk.
  3. Perform periodic audits on identified risk.
  4. areas Document the risk tolerance of the organization.

Answer(s): A

Explanation:

A risk response plan is a document that outlines the actions to be taken to address the identified risk scenarios. A risk response plan should include the objectives, scope, roles and responsibilities, resources, timelines, and metrics for each risk response. Assigning ownership of the risk response plan is the most effective way to mitigate identified risk scenarios, as it ensures accountability, clarity, and communication among the stakeholders involved in the risk management process. Assigning ownership also helps to monitor and evaluate the progress and effectiveness of the risk response plan, and to make adjustments as needed. References =Riskand Information Systems Control Study Manual, Chapter 3: Risk Response and Mitigation, Section 3.3: Risk Response Plan, p. 152-155.



Which of the following is the MOST important consideration when sharing risk management updates with executive management?

  1. Using an aggregated view of organizational risk
  2. Ensuring relevance toorganizational goals
  3. Relying on key risk indicator (KRI) data Including
  4. Trend analysis of risk metrics

Answer(s): B

Explanation:

According to the CRISC Review Manual (Digital Version), the most important consideration when sharing risk management updates with executive management is ensuring relevance toorganizational goals, as this helps to align risk management with business strategy and performance. The risk management updates should:
Highlight the key risks that may affect the achievement of the organizational goals and objectives
Demonstrate the value and benefits of risk management in supporting decision making and enhancing business resilience
Provide clear and concise information on the current risk profile, risk appetite, risk tolerance and risk exposure of the organization
Recommend appropriate risk response actions and resource allocation to address the identified risks
Communicate the roles and responsibilities of executive management in overseeing and governing risk management
References = CRISC Review Manual (Digital Version), Chapter 4: IT Risk Monitoring and Reporting, Section 4.2: IT Risk Reporting, pp. 221-2221






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