CRISC Exam Questions and Answers 100% Pass

CRISC Exam Questions and Answers 100% Pass The potential loss to an area due to the occurrence of an adverse event - exposure An accurate bit-for-bit reproduction of the information contained on an electronic device or associated media, whose validity and integrity has been verified using an accepted algorithm (2 words) - forensic copy for each risk located in the risk register, it should at a minimum include..... - date, description, impact, probability, risk score, mitigation action and owner main reference for all risk-related information, supporting risk-related decisions such as risk response activities and their prioritization - risk register Preparing the risk management strategy is a ____ activity - internal audit key to achieving an effective risk management capability. - joint planning across the three lines of defense control execution is generally the responsibility of the _____ line of defense - first Internal control reporting is carried by the _______ line of defense - first Assurance functions are generally delivered by the ______ line of defense - third The _______ line of defense includes compliance, ethics and risk management and is intended to provide guidance. - second EMILY CHARLENE © 2025, ALL RIGHTS RESERVED 2 Establishing a risk management framework, providing awareness training, and supervising overall risk management are responsibilities of the _______ line of defense - second Identifying, assessing and selecting responses for risk are part of operational management, which is the ________ line of defense - first Implementing controls is part of ____ line of defense - first Testing controls for effectiveness and reporting to management are part of the ______ line of defense. - third. this is an auditors job Risk profile and risk factors are defined during the _________ process - risk assessment Relevance risk is a composite form of business risk, requiring both ____________ and _____________ to be addressed for it to be reasonably controlled - integrity and availability A lapsed insurance premium describes a _________ - this is a vulnerability _______________ (type of personel/position/title) are the best to manage and execute an enterprise's risk management program because they are the most centrally located within the organizational hierarchy, and they combine a sufficient breadth of influence with adequate proximity to day-to-day operations. - mid level managers In a _________ organizational structure, decisions are made by each division (sales, human resources, etc.). In this kind of organization, different and perhaps conflicting IT policies can be developed. - decentralized In a __________ organizational structure, each geographic area, or each product or service, will have its own group. - divisional A _____________ is responsible for consulting on risk and recommending possible solutions for risk responses - risk practitioner/advisor EMILY CHARLENE © 2025, ALL RIGHTS RESERVED 3 Control owners own controls but don't make the decision on which control to use - Control owners own controls but don't make the decision on which control to use ________ is accountable for a risk treatment plan. - risk owner With the ___________ technique, polling or information gathering is done either anonymously or privately between the interviewer and interviewee. - delphi ___________ determines aggregate risk in a financial portfolio - Financial risk modeling. It is generally not used to provide the financial impact of individual risk scenarios. with a ___________organizational structure, one group makes all decisions for the entire enterprise. - centralized two elements required to understand the effects of possible adverse events on enterprise objectives - relationship between IT risk scenarios and business impact prioritizing and addressing risk in line with the _______________ balances the costs and benefits of managing IT risk - risk treatment strategy controls are most effective when they are designed to reduce ________________ affecting the enterprise - vulnerabilities a ___________ can be used to determine the presence of the control and the reliable operation and maintenance of the control - process maturity assessment