CRISC - Review Class Study Guide 2024/2025
ERM - Answer️️ -The discipline by which an enterprise in any industry assesses,
controls, exploits, finances and monitors risk from all sources for the purpose of
increasing the enterprises short and long term value to its stakeholders
IS Control -...
Addresses for the impact and the interactions of risk at each level and across levels
Enterprise Risk - Answer✔️✔️-Risk Associated with an organizations ability to meet
its objectives and provide stakeholder value
Strategic Risk - Answer✔️✔️-Risk associated with large scale initiatives that do not
deliver as expected
Environmental risk - Answer✔️✔️-risk associated with pollution from facilities and
machinery
Market Risk - Answer✔️✔️-Risk Associated with the decrease in value of physical
investments such as property or equipment
Credit Risk - Answer✔️✔️-Risk associated with the variance between operating
expenses and revenue-reducing borrowing power
Operational risk - Answer✔️✔️-Risk Associated with employee mistakes and system
errors
Compliance Risk - Answer✔️✔️-Risk Associated with failure to comply with a
regulatory guideline or industry regulation
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