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ISACA Certified in Risk and Information Systems Control Sample Questions (Q1550-Q1555):
NEW QUESTION # 1550
Which of the following risk register updates is MOST important for senior management to review?
- A. Retiring a risk scenario no longer used
- B. Changing a risk owner
- C. Extending the date of a future action plan by two months
- D. Avoiding a risk that was previously accepted
Answer: D
Explanation:
A risk register is a document that records and tracks the information and status of the identified risks and their
responses. It includes the risk description, category, source, cause, impact, probability, priority, response,
owner, action plan, status, etc.
A risk register update is a change or modification to the information or status of the risks and their responses
in the risk register. It may be triggered by the occurrence or resolution of a risk event, the identification or
evaluation of a new or emerging risk, the implementation or completion of a risk response, the monitoring or
review of the risk performance, etc.
The most important risk register update for senior management to review is avoiding a risk that was
previously accepted, which means that the organization has decided to eliminate or withdraw from the risk
exposure or activity that may cause the risk, instead of tolerating or retaining the risk as before. This may
indicate a significant change in the organization's risk appetite, strategy, objectives, or environment, and it
may have a major impact on the organization's performance and value.
The other options are not the most important risk register updates for senior management to review, because
they do not indicate a significant change or impact on the organization's risk profile or performance.
Extending the date of a future action plan by two months means that the organization has postponed the
implementation or completion of the planned actions or measures to address the risk, due to some reasons or
constraints. This may indicate a delay or deviation from the expected or desired risk outcome, but it may not
have a major impact on the organization's performance and value, unless the risk is very urgent or critical.
Retiring a risk scenario no longer used means that the organization has removed or discarded the risk scenario
that is no longer relevant or applicable to the organization's objectives or operations, due to some changes or
developments. This may indicate a reduction or improvement in the organization's risk exposure or level, but
it may not have a major impact on the organization's performance and value, unless the risk scenario was very
significant or influential.
Changing a risk owner means that the organization has assigned or transferred the responsibility and
accountability for the risk and its response to a different person or role, due to some reasons or circumstances.
This may indicate a change or improvement in the organization's risk governance or culture, but it may not
have a major impact on the organization's performance and value, unless the risk owner was very ineffective
or inappropriate. References =
ISACA, CRISC Review Manual, 7th Edition, 2022, pp. 19-20, 23-24, 27-28, 31-32, 40-41, 47-48, 54-55, 58-
59, 62-63
ISACA, CRISC Review Questions, Answers & Explanations Database, 2022, QID 160
CRISC Practice Quiz and Exam Prep
NEW QUESTION # 1551
Which of the following is the BEST key control indicator (KCI) for measuring the security of a blockchain network?
- A. Number of active nodes
- B. Average transaction speed
- C. Blockchain size in gigabytes
- D. Number of validated transactions
Answer: D
Explanation:
The number of validated transactions is a critical indicator of a blockchain network's security. It reflects the network's ability to accurately and securely process transactions, ensuring data integrity and trustworthiness.
A higher number of validated transactions indicates robust consensus mechanisms and effective security controls within the blockchain infrastructure.
Reference:ISACA CRISC Review Manual, 7th Edition, Chapter 4: Information Technology and Security, Section: Key Control Indicators.
NEW QUESTION # 1552
A teaming agreement is an example of what type of risk response?
- A. Acceptance
- B. Mitigation
- C. Share
- D. Transfer
Answer: C
Explanation:
Section: Volume D
Explanation/Reference:
Explanation:
Teaming agreements are often coming under sharing risk response, as they involves joint ventures to realize an opportunity that an organization would not be able to seize otherwise.
Sharing response is where two or more entities share a positive risk. Teaming agreements are good example of sharing the reward that comes from the risk of the opportunity.
Incorrect Answers:
A: Acceptance is a risk response that is appropriate for positive or negative risk events. It does not pursue the risk, but documents the event and allows the risk to happen. Often acceptance is used for low probability and low impact risk events.
B: Risk mitigation attempts to reduce the probability of a risk event and its impacts to an acceptable level. Risk mitigation can utilize various forms of control carefully integrated together.
C: Transference is a negative risk response where the project manager hires a third party to own the risk event.
NEW QUESTION # 1553
FISMA requires federal agencies to protect IT systems and data. How often should compliance be audited by an external organization?
- A. Quarterly
- B. Annually
- C. Never
- D. Every three years
Answer: B
Explanation:
Explanation/Reference:
Explanation:
Inspection of FISMA is required to be done annually. Each year, agencies must have an independent evaluation of their program. The objective is to determine the effectiveness of the program. These evaluations include:
Testing for effectiveness: Policies, procedures, and practices are to be tested. This evaluation does not
test every policy, procedure, and practice. Instead, a representative sample is tested.
An assessment or report: This report identifies the agency's compliance as well as lists compliance with
FISMA. It also lists compliance with other standards and guidelines.
Incorrect Answers:
B, C, D: Auditing of compliance by external organization is done annually, not quarterly or every three years.
NEW QUESTION # 1554
A change management process has recently been updated with new testing procedures. What is the NEXT course of action?
- A. Conduct a cost-benefit analysis to justify the cost of the control.
- B. Monitor processes to ensure recent updates are being followed.
- C. Communicate to those who test and promote changes.
- D. Assess the maturity of the change management process.
Answer: B
NEW QUESTION # 1555
......
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