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Reliable CRISC Learning Materials - Exam CRISC Study Guide
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The CRISC Exam consists of 150 multiple-choice questions and is four hours in length. CRISC exam covers four areas of risk management: risk identification, assessment, response, and control. Candidates must score a minimum of 450 out of 800 to pass the exam. Certified in Risk and Information Systems Control certification is valid for three years, after which candidates must undergo a recertification process. This involves earning continuing education credits and meeting other requirements to ensure that the candidate's knowledge and skills remain up-to-date.
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Exam Overview
The CRISC Certification Exam is made up of 150 multiple-choice questions and the time allotted for its completion is 240 minutes. The candidates can take it in Chinese (Simplified and Traditional), English, German, French, Italian, Korean, Japanese, Spanish, and Turkish. The passing score is 450 points (out of 800).
To register for the test, the students must pay the required fee. For the ISACA members, it is $575, while for the non-members – $760. This exam is administered through the PSI testing centers across the world. You can take it at any time because registration is always on-going. After making payment, you can schedule your test as early as 48 hours. However, make sure that you understand its content before you attempt the exam to avoid retaking it. If you do not pass the test, you will have to pay another fee.
ISACA Certified in Risk and Information Systems Control Sample Questions (Q10-Q15):
NEW QUESTION # 10
Participants in a risk workshop have become focused on the financial cost to mitigate risk rather than choosing the most appropriate response. Which of the following is the BEST way to address this type of issue in the long term?
- A. Perform a return on investment analysis
- B. Review the risk register and risk scenarios
- C. Calculate annualized loss expectancy of risk scenarios
- D. Raise the maturity of organizational risk management
Answer: C
Explanation:
Section: Volume D
Explanation
NEW QUESTION # 11
Who is MOST likely to be responsible for the coordination between the IT risk strategy and the business risk strategy?
- A. Chief information officer
- B. Chief financial officer
- C. Information security director
- D. Internal audit director
Answer: A
NEW QUESTION # 12
Which of the following should be the PRIMARY input when designing IT controls?
- A. Outcome of control self-assessments
- B. Internal and external risk reports
- C. Benchmark of industry standards
- D. Recommendations from IT risk experts
Answer: B
Explanation:
The primary input when designing IT controls should be internal and external risk reports. IT controls are specific activities performed by persons or systems to ensure that business objectives are met, and thatthe confidentiality, integrity, and availability of data and the overall management of the IT function are ensured1. Designing IT controls means creating and implementing the appropriate measures or actions to reduce the likelihood or impact of the IT risks that may affect the organization2. Internal and external risk reports are documents that provide information and analysis on the current and potential IT risks that the organization faces, as well as their sources, drivers, consequences, and responses3. Internal risk reports are generated by the organization itself, such as by the IT risk management function, the internal audit function, or the business units. External risk reports are obtained from external sources, such as regulators, industry associations, or third-party service providers. Internal and external risk reports are the primary input when designing IT controls, because they help to:
Identify and prioritize the IT risks that need to be addressed by the IT controls; Evaluate the likelihood and impact of the IT risks, and compare them against the organization's risk appetite and tolerance; Determine the most suitable and effective IT control objectives and activities to mitigate the IT risks; Align the IT control design and implementation with the organization's objectives, strategies, and values; Monitor and measure the performance and effectiveness of the IT controls in reducing the IT risks. The other options are not the primary input when designing IT controls, as they are either less relevant or less specific than internal and external risk reports. Benchmark of industry standards is a comparison of the organization's IT control practices and performance with those of other organizations in the same industry or sector4.
Benchmark of industry standards can help to improve the quality and consistency of the IT control design and implementation, as well as to identify the best practices and gaps. However, benchmark of industry standards is not the primary input when designing IT controls, as it does not address the specific IT risks that the organization faces, or the IT control objectives and activities that are appropriate and effective for the organization. Recommendations from IT risk experts are the suggestions or advice from the professionals or specialists who have the knowledge and experience in IT risk management and IT control design and implementation5. Recommendations from IT risk experts can help to enhance the IT control design and implementation, as well as to provide guidance and support to the organization. However, recommendations from IT risk experts are not the primary input when designing IT controls, as they are based on the opinions and perceptions of the experts, and may not reflect the actual or objective level and nature of the IT risks, or the IT control objectives and activities that are suitable and efficient for the organization. Outcome of control self-assessments is the result or conclusion of the evaluation and testing of the design and operation of the existing IT controls by the organization itself, such as by the IT control owners, the IT risk management function, or the business units6. Outcome of control self-assessments can help to improve the IT control design and implementation, as well as to detect and correct any issues or deficiencies. However, outcome of control self-assessments is not the primary input when designing IT controls, as it does not cover the new or emerging IT risks that the organization may face, or the IT control objectives and activities that are relevant and necessary for the organization. References = Risk and Information Systems Control Study Manual, 7th Edition, Chapter 4, Section 4.2.1, Page 189.
NEW QUESTION # 13
Which of the following is MOST important to review when determining whether a potential IT service provider's control environment is effective?
- A. Independent audit report
- B. Control self-assessment
- C. Service level agreements (SLAs)
- D. MOST important to update when an
Answer: A
NEW QUESTION # 14
The PRIMARY reason to implement a formalized risk taxonomy is to:
- A. comply with regulatory requirements.
- B. improve visibility of overall risk exposure.
- C. reduce subjectivity in risk management.
- D. demonstrate best industry practice.
Answer: B
Explanation:
The primary reason to implement a formalized risk taxonomy is to reduce subjectivity in risk management, as it provides a common and consistent language and structure for identifying, classifying, and reporting risks, and facilitates the comparison and aggregation of risks across the organization. The other options are not the primary reasons, as they are more related to the outcomes, benefits, or drivers of risk management, respectively, rather than the reason for risk management. References = CRISC Review Manual, 7th Edition, page 100.
NEW QUESTION # 15
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