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ISACA CRISC (Certified in Risk and Information Systems Control) Certification Exam is a highly sought-after certification for professionals looking to advance their career in the field of information systems (IS) and technology risk management. The CRISC certification is designed to validate the skills and knowledge required to manage and mitigate risks related to information and technology systems. CRISC Exam is aimed at professionals who have experience in the fields of IT risk management, IT governance, and information security.

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The CRISC certification exam consists of 150 multiple-choice questions that test the candidate's knowledge and understanding of information systems risk management and control. CRISC exam covers four domains: Risk Identification, Assessment and Evaluation, Risk Response, Risk Monitoring and Reporting, and Information Systems Control Design and Implementation. CRISC exam is four hours long, and a passing score of 450 or higher out of a possible 800 is required to obtain the certification.

To be eligible for the CRISC certification exam, candidates must have at least three years of experience in IT risk management and information systems control. Candidates must also adhere to the ISACA Code of Professional Ethics and pass the CRISC Exam, which is a four-hour, 150-question exam. CRISC exam is computer-based and can be taken at any of the Pearson VUE testing centers located around the world. Upon passing the exam, candidates will be awarded the CRISC certification and will be recognized as experts in the field of IT risk management and information systems control.

ISACA Certified in Risk and Information Systems Control Sample Questions (Q129-Q134):

NEW QUESTION # 129
In an organization with a mature risk management program, which of the following would provide the BEST evidence that the IT risk profile is up to date?

A. Risk register
B. Compliance manual
C. Risk questionnaire
D. Management assertion

Answer: A

Explanation:
A risk register is a tool that records and tracks the risks that may affect the organization, as well as the actions that are taken or planned to manage them1. A risk register provides the best evidence that the IT risk profile is up to date, because it reflects the current and potential IT risks that the organization faces, as well as their likelihood, impact, severity, owner, status, and response2. An IT risk profile is a document that describes the types, amounts, and priority of IT risk that the organization finds acceptable and unacceptable3. An IT risk profile is developed collaboratively with various stakeholders within the organization, including business leaders, data and process owners, enterprise risk management, internal and external audit, legal, compliance, privacy, and IT risk management and security4. By maintaining and updating the risk register regularly, the organization can ensure that the IT risk profile is aligned with the changing IT risk environment, and that the IT risk management activities and performance are consistent and effective. The other options are not the best evidence that the IT risk profile is up to date, as they are either less comprehensive or less relevant than the risk register. A risk questionnaire is a tool that collects and analyzes the opinions and perceptions of the stakeholders about the risks that may affect the organization5. A risk questionnaire can help to identify and assess the risks, as well as to communicate and report on the risk status and issues. However, a risk questionnaire is not the best evidence that the IT risk profile is up to date, as it may not capture all the IT risks that the organization faces, or reflect the actual or objective level and nature of the IT risks. A management assertion is a statement or declaration made by the management about the accuracy and completeness of the information or data that they provide or report. A management assertion can help to increase the confidence and trust of the stakeholders and auditors in the information or data, as well as to demonstrate the accountability and responsibility of the management. However, a management assertion is not the best evidence that the IT risk profile is up to date, as it does not provide the details or outcomes of the IT risk management activities or performance, or verify the validity and reliability of the IT risk information or data.
A compliance manual is a document that contains the policies, procedures, and standards that the organization must follow to meet the legal, regulatory, or contractual requirements that apply to its activities or operations.
A compliance manual can help to ensure the quality and consistency of the organization's compliance activities or performance, as well as to avoid or reduce the penalties or sanctions for non-compliance.
However, a compliance manual is not the best evidence that the IT risk profile is up to date, as it does not address the IT risks that the organization faces, or the IT risk management activities or performance. References = Risk and Information Systems Control Study Manual, 7th Edition, Chapter 2, Section 2.1.5, Page 55.

NEW QUESTION # 130
You are the project manager of GHT project. You are performing cost and benefit analysis of control. You come across the result that costs of specific controls exceed the benefits of mitigating a given risk. What is the BEST action would you choose in this scenario?

A. The enterprise should exploit the risk.
B. The enterprise should adopt corrective control.
C. The enterprise may choose to accept the risk rather than incur the cost of mitigation.
D. The enterprise may apply the appropriate control anyway.

Answer: C

Explanation:
Explanation/Reference:
Explanation:
If the costs of specific controls or countermeasures (control overhead) exceed the benefits of mitigating a given risk the enterprise may choose to accept the risk rather than incur the cost of mitigation. This is done according to the principle of proportionality described in:
Generally accepted security systems principles (GASSP)

Generally accepted information security principles (GAISP)

Incorrect Answers:
A: When the cost of specific controls exceed the benefits of mitigating a given risk, then controls are not applied, rather risk is being accepted.
B: As the cost of control exceeds the benefits of mitigating a given risk, hence no control should be applied.
Corrective control is a type of control and hence it should not be adopted.
D: The risk is being exploited when there is an opportunity, i.e., the risk is positive. But here in this case, negative risk exists as it needs mitigation. So, exploitation cannot be done.

NEW QUESTION # 131
The PRIMARY objective of the board of directors periodically reviewing the risk profile is to help ensure:

A. performance of controls is adequate
B. the risk monitoring process has been established
C. the risk strategy is appropriate
D. KRIs and KPIs are aligned

Answer: C

Explanation:
The PRIMARY objective of the board of directors periodically reviewing the risk profile is to help ensure that the risk strategy is appropriate, because the risk strategy defines the enterprise's risk appetite, tolerance, and objectives, and guides the risk management process and activities. The board of directors should review the risk profile to ensure that it reflects the current internal and external environment, and that it aligns with the enterprise's strategy and goals. The other options are not the primary objective, because:
* Option B: KRIs and KPIs are aligned is a desirable outcome of the risk strategy, but not the primary objective of the board of directors reviewing the risk profile. KRIs and KPIs are indicators that measure and monitor the risk exposure and performance of the enterprise, respectively, and they should be consistent with the risk strategy and objectives.
* Option C: Performance of controls is adequate is a result of the risk response, but not the primary objective of the board of directors reviewing the risk profile. Performance of controls is the degree to which the controls are effective and efficient in mitigating the risks, and it should be evaluated and reported by the risk management function and the internal audit function.
* Option D: The risk monitoring process has been established is a prerequisite for the risk profile, but not the primary objective of the board of directors reviewing the risk profile. The risk monitoring process is the process of tracking and reporting the risk status and performance, and it should be implemented and executed by the risk management function and the business process owners. References = Risk and Information Systems Control Study Manual, 7th Edition, ISACA, 2020, p. 119.

NEW QUESTION # 132
Which of the following risk activities is BEST facilitated by enterprise architecture (EA)?

A. Determining attack likelihood per business unit
B. Customizing incident response plans for each business unit
C. Adjusting business unit risk tolerances
D. Aligning business unit risk responses to organizational priorities

Answer: D

NEW QUESTION # 133
Which of the following is MOST helpful in identifying new risk exposures due to changes in the business environment?

A. Standard operating procedures
B. SWOT analysis
C. Control gap analysis
D. Industry benchmarking

Answer: B

Explanation:
* New risk exposures due to changes in the business environment are the possibilities and impacts of new or emerging threats or opportunities that may affect the organization's objectives, performance, or value creation, as a result of changes in the internal or external factors that influence the organization's operations, such as technology, competition, regulation, or customer behavior12.
* The most helpful tool in identifying new risk exposures due to changes in the business environment is a SWOT analysis, which is a technique that involves identifying and analyzing the strengths, weaknesses, opportunities, and threats (SWOT) that are relevant to the organization's situation, goals, and capabilities34.
* A SWOT analysis is the most helpful tool because it helps the organization to scan and assess the business environment, and to identify and prioritize the new or emerging risk exposures that may arise from the changes in the environment34.
* A SWOT analysis is also the most helpful tool because it helps the organization to align and adapt its strategy and actions to the changes in the environment, and to leverage its strengths and opportunities, and mitigate its weaknesses and threats34.
* The other options are not the most helpful tools, but rather possible sources or inputs that may be used in a SWOT analysis. For example:
* Standard operating procedures are documents that describe the routine tasks and processes that are performed by the organization, and the policies and standards that govern them56. However, these documents are not the most helpful tools because they may not reflect or capture the changes in the business environment, and they may need to be revised or updated to address the new or emerging risk exposures56.
* Industry benchmarking is a technique that involves comparing and contrasting the performance and practices of the organization with those of the similar or leading organizations in the same or related industry, and identifying the gaps or opportunities for improvement78. However, this technique is not the most helpful tool because it may not provide a comprehensive or holistic view of the business environment, and it may not align with the organization's specific situation, goals, or capabilities78.
* Control gap analysis is a technique that involves assessing and evaluating the adequacy and effectiveness of the controls that are designed and implemented to mitigate the risks, and identifying and addressing the areas or aspects that need to be improved or added . However, this technique is not the most helpful tool because it is reactive rather than proactive, and it may not identify or anticipate the new or emerging risk exposures that may result from the changes in the business environment . References =
* 1: Risk IT Framework, ISACA, 2009
* 2: IT Risk Management Framework, University of Toronto, 2017
* 3: SWOT Analysis - ISACA1
* 4: SWOT Analysis: What It Is and When to Use It2
* 5: Standard Operating Procedure - Wikipedia3
* 6: How to Write Effective Standard Operating Procedures (SOP)4
* 7: Benchmarking - Wikipedia5
* 8: Benchmarking: Definition, Types, Process, Advantages & Examples6
* : Control Gap Analysis - ISACA7
* : Control Gap Analysis: A Step-by-Step Guide8

NEW QUESTION # 134
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