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ISACA Risk and Information Systems Control Exam Syllabus Topics:
| Topic | Details | Weights |
|---|---|---|
| Risk Response and Reporting | A. Risk Response
B. Control Design and Implementation
C. Risk Monitoring and Reporting
| 32% |
| IT Risk Assessment | A. IT Risk Identification
B. IT Risk Analysis and Evaluation
| 20% |
| Governance | A. Organizational Governance
B. Risk Governance
| 26% |
| Information Technology and Security | A. Information Technology Principles
B. Information Security Principles
| 22% |
Information Technology Risk Assessment: 28%
- Establish the present state of on-going controls and review their efficiency for the mitigation of IT risk;
- Review risk situations based on predetermined organizational criteria to determine the possibility and effect of identified risks;
- Revise a risk register in alignment with the result from a risk assessment project.
How much CRISC Exam Cost
The price of the CRISC exam is $595 USD for ISACA members and $725 USD for Non-members.
NEW QUESTION 106
A data processing center operates in a jurisdiction where new regulations have significantly increased penalties for data breaches. Which of the following elements of the risk register is MOST important to update to reflect this change?
- A. Risk trend
- B. Risk appetite
- C. Risk impact
- D. Risk likelihood
Answer: C
NEW QUESTION 107
You are the project manager of your enterprise. You have identified several risks. Which of the following responses to risk is considered the MOST appropriate?
- A. Avoiding
- B. Accepting
- C. Any of the above
- D. Insuring
Answer: C
Explanation:
Explanation/Reference:
Explanation:
The appropriate response to the risk is decided by the risk itself, the company's attitude and appetite of risk, and the threat and opportunity combination of the risk.
Incorrect Answers:
B, C, D: Depending upon the condition, that is, the risk itself, the company's attitude and appetite of risk, and the threat and opportunity combination of the risk, these response options can be chosen.
NEW QUESTION 108
Which of the following BEST enables the identification of trends in risk levels?
- A. Qualitative definitions for key risk indicators (KRIs) are used.
- B. Correlation between risk levels and key risk indicators (KRIs) is positive.
- C. Quantitative measurements are used for key risk indicators (KRIs).
- D. Measurements for key risk indicators (KRIs) are repeatable
Answer: D
NEW QUESTION 109
Which of the following would BEST help to ensure that suspicious network activity is identified?
- A. Analyzing intrusion detection system (IDS) logs
- B. Coordinating events with appropriate agencies
- C. Using a third-party monitoring provider
- D. Analyzing server logs
Answer: C
Explanation:
Section: Volume D
NEW QUESTION 110
A department has been granted an exception to bypass the existing approval process for purchase orders. The risk practitioner should verify the exception has been approved by which of the following?
- A. Risk manager
- B. Control owner
- C. Internal audit
- D. Senior management
Answer: B
NEW QUESTION 111
Which of the following tools is MOST effective in identifying trends in the IT risk profile?
- A. Risk register
- B. Risk self-assessment
- C. Risk dashboard
- D. Risk map
Answer: D
Explanation:
Section: Volume D
NEW QUESTION 112
Which of the following criteria associated with key risk indicators (KRIs) BEST enables effective risk monitoring?
- A. Sensitivity to changes in risk levels
- B. Use of industry risk data sources
- C. Approval by senior management
- D. Low cost of development and maintenance
Answer: B
Explanation:
Section: Volume D
NEW QUESTION 113
You are the project manager of your enterprise. While performing risk management, you are given a task to identify where your enterprise stand in certain practice and also to suggest the priorities for improvements. Which of the following models would you use to accomplish this task?
- A. Fishbone model
- B. Capability maturity model
- C. Explanation:
Capability maturity models are the models that are used by the enterprise to rate itself in terms of the least mature level (having nonexistent or unstructured processes) to the most mature (having adopted and optimized the use of good practices). The levels within a capability maturity model are designed to allow an enterprise to identify descriptions of its current and possible future states. In general, the purpose is to: Identify, where enterprises are in relation to certain activities or practices. Suggest how to set priorities for improvements - D. Decision tree model
- E. Simulation tree model
Answer: B
Explanation:
is incorrect. There is no such model exists in risk management process. Answer:B is incorrect. Decision tree analysis is a risk analysis tool that can help the project manager in determining the best risk response. The tool can be used to measure probability, impact, and risk exposure and how the selected risk response can affect the probability and/or impact of the selected risk event. It helps to form a balanced image of the risks andopportunitiesconnected with each possible course of action. This makes them mostly useful for choosing between different strategies, projects, or investment opportunities particularly when the resources are limited. A decision tree is a decision support tool that uses a tree-like graph or model of decisions and their possible consequences, including chance event outcomes, resource costs, and utility. Answer:C is incorrect. Fishbone diagrams or Ishikawa diagrams shows the relationships between the causes and effects of problems.
NEW QUESTION 114
Which of the following is the BEST way to determine software license compliance?
- A. List non-compliant systems in the risk register.
- B. Conduct periodic compliance reviews.
- C. Review whistleblower reports of noncompliance.
- D. Monitor user software download activity.
Answer: B
Explanation:
Section: Volume D
NEW QUESTION 115
Which of the following should be a risk practitioner s MOST important consideration when developing IT risk scenarios?
- A. Potential threats and vulnerabilities that may have an impact on the business
- B. Results of network vulnerability scanning and penetration testing
- C. The impact of controls on the efficiency of the business in delivering services
- D. Linkage of identified risk scenarios with enterprise risk management
Answer: A
NEW QUESTION 116
You are the project manager for your company and a new change request has been approved for your project.
This change request, however, has introduced several new risks to the project. You have communicated these risk events and the project stakeholders understand the possible effects these risks could have on your project.
You elect to create a mitigation response for the identified risk events. Where will you record the mitigation response?
- A. Risk management plan
- B. Risk register
- C. Project management plan
- D. Risk log
Answer: B
Explanation:
Section: Volume B
Explanation/Reference:
Explanation:
The Identified risks and potential responses are documented in 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:
B: This is not a valid choice for this question
C: The project management plan is the parent of the risk management plan, but the best choice is the risk register.
D: The risk management plan is an input to the risk response planning, but it is not the best choice for this question
NEW QUESTION 117
Which of the following would MOST effectively enable a business operations manager to identify events exceeding risk thresholds?
- A. Continuous monitoring
- B. Benchmarking against peers
- C. Transaction logging
- D. A control self-assessment
Answer: A
NEW QUESTION 118
You are the project manager for the NHH project. You are working with your project team to examine the project from four different defined perspectives to increase the breadth of identified risks by including internally generated risks. What risk identification approach are you using in this example?
- A. SWOT analysis
- B. Assumptions analysis
- C. Influence diagramming techniques
- D. Root cause analysis
Answer: A
Explanation:
Explanation/Reference:
Explanation:
This is an example of SWOT analysis. SWOT analysis examines the strengths, weaknesses, opportunities, and threats within the project and generated from within the organization.
SWOT stands for Strengths, Weaknesses, Opportunities, and Threats. It is a part of business policy that helps an individual or a company to make decisions. It includes the strategies to build the strength of a company and use the opportunities to make the company successful. It also includes the strategies to overcome the weaknesses of and threats to the company.
Incorrect Answers:
A: Root cause analysis examines causal factors for events within the project.
B: Influence diagramming techniques examines the relationships between things and events within the project.
D: Assumptions analysis does not use four pre-defined perspectives for review.
NEW QUESTION 119
You are the project manager of GHT project. You have planned the risk response process and now you are about to implement various controls. What you should do before relying on any of the controls?
- A. is incorrect. Articulating risk is the first phase in the risk response process to ensure
that information on the true state of exposures and opportunities are made available in a timely
manner and to the right people for appropriate response.
But it does not play any role in identifying whether any specific control is reliable or not. - B. Discover risk exposure
- C. Explanation:
Pilot testing and reviewing of performance data to verify operation against design are done before
relying on control. - D. Review performance data
- E. Articulate risk
- F. Conduct pilot testing
Answer: D,F
Explanation:
is incorrect. Discovering risk exposure helps in identifying the severity of risk, but it
does not play any role in specifying the reliability of control.
NEW QUESTION 120
What is MOST important for the risk practitioner to understand when creating an initial IT risk register?
- A. Enterprise architecture (EA)
- B. IT objectives
- C. Control environment
- D. Organizational objectives
Answer: D
NEW QUESTION 121
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