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ISACA CRISC Exam is widely recognized as one of the most challenging and rigorous certification exams in the IT industry. CRISC exam covers a wide range of topics related to risk management and information systems control, including risk identification and assessment, risk response and mitigation, information security and compliance, and IT governance. To pass the exam, candidates must demonstrate a deep understanding of these topics, as well as the ability to apply this knowledge to real-world situations.
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ISACA Certified in Risk and Information Systems Control Sample Questions (Q1175-Q1180):
NEW QUESTION # 1175
When reviewing a report on the performance of control processes, it is MOST important to verify whether the:
- A. business process objectives have been met.
- B. control adheres to regulatory standards.
- C. residual risk objectives have been achieved.
- D. control process is designed effectively.
Answer: C
Explanation:
When reviewing a report on the performance of control processes, it is most important to verify whether the residual risk objectives have been achieved, as this indicates the extent to which the control processes have reduced the risk to an acceptable level. Residual risk is the risk that remains after the implementation of controls, and it should be aligned with the risk appetite and tolerance of the enterprise. Business process objectives, regulatory standards, and control process design are not the most important factors to verify,as they do not directly measure the effectiveness and efficiency of the control processes in managing the risk. References = CRISC Practice Quiz and Exam Prep; CRISC: Certified in Risk & Information Systems Control Sample Questions, question 209.
NEW QUESTION # 1176
IT risk assessments can BEST be used by management:
- A. as input foe decision-making
- B. to measure organizational success.
- C. as a basis for cost-benefit analysis.
- D. for compliance with laws and regulations
Answer: A
NEW QUESTION # 1177
Who is MOST likely to be responsible for the coordination between the IT risk strategy and the business risk strategy?
- A. Information security director
- B. Internal audit director
- C. Chief financial officer
- D. Chief information officer
Answer: D
Explanation:
The chief information officer (CIO) is the most likely person to be responsible for the coordination between the IT risk strategy and the business risk strategy, because the CIO is the senior executive who oversees the information technology (IT) function and aligns it with the organization's strategy, objectives, and operations.
The CIO is also responsible for ensuring that the IT function delivers value, supports innovation, and manages IT risks effectively and efficiently. The CIO can coordinate the IT risk strategy and the business risk strategy by communicating and collaborating with other business leaders, establishing and implementing IT governance frameworks and policies, and monitoring and reporting on IT performance and risk indicators. The other options are not as likely as the CIO to be responsible for the coordination between the IT risk strategy and the business risk strategy, because they have different or limited roles and responsibilities in relation to IT and business risk management, as explained below:
* A. Chief financial officer (CFO) is the senior executive who oversees the financial function and manages the financial risks of the organization. The CFO may be involved in the coordination between the IT risk strategy and the business risk strategy, especially when it comes to budgeting, funding, or reporting on IT-related projects and initiatives, but the CFO is not the primary person who oversees the IT function and aligns it with the organization's strategy and objectives.
* B. Information security director is the senior manager who oversees the information security function and manages the information security risks of the organization. The information security director may be involved in the coordination between the IT risk strategy and the business risk strategy, especially when it comes to protecting the confidentiality, integrity, and availability of the information assets and systems, but the information security director is not the primary person who oversees the IT function and aligns it with the organization's strategy and objectives.
* C. Internal audit director is the senior manager who oversees the internal audit function and provides independent assurance on the effectiveness and efficiency of the organization's governance, risk management, and control processes. The internal audit director may be involved in the coordination between the IT risk strategy and the business risk strategy, especially when it comes to auditing, reviewing, or testing the IT-related processes and controls, but the internal audit director is not the primary person who oversees the IT function and aligns it with the organization's strategy and objectives. References = Risk and Information Systems Control Study Manual, Chapter 1, Section 1.1.1, page 7. The Strategic CIO: Balancing Business and IT Priorities, Technology's Role in Enterprise Risk Management, Aligning Enterprise Cyber Risk and Business Strategy
NEW QUESTION # 1178
Which of the following is the MOST important key performance indicator (KPI) to monitor the effectiveness of disaster recovery processes?
- A. Percentage of IT systems recovered within the mean time to restore (MTTR) during the disaster recovery test
- B. Percentage of IT systems meeting the recovery time objective (RTO) during the disaster recovery test
- C. Percentage of IT systems included in the disaster recovery test scope
- D. Percentage of issues arising from the disaster recovery test resolved on time
Answer: B
NEW QUESTION # 1179
The PRIMARY reason to implement a formalized risk taxonomy is to:
- A. demonstrate best industry practice.
- B. comply with regulatory requirements.
- C. reduce subjectivity in risk management.
- D. improve visibility of overall risk exposure.
Answer: D
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 # 1180
......
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