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Exam (elaborations)

CRISC Review Practice Questions and Answers (100% Pass)

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  • CRISC
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  • CRISC

©PREP4EXAMS 2024/2025 REAL EXAM DUMPS Tuesday, August 6, 2024 10,57 AM 1 CRISC Review Practice Questions and Answers (100% Pass) Governance answers what four Questions - Answer️️ -1. Are we doing the right thing? 2. Are we doing them the right way? 3. Are we going them well? 4. Are we g...

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  • August 18, 2024
  • 47
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • CRISC
  • CRISC
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©PREP4EXAMS 2024/2025 REAL EXAM DUMPS Tuesday, August 6, 2024 10,57 AM



CRISC Review Practice Questions and Answers (100% Pass)


Governance answers what four Questions - Answer✔️✔️-1. Are we doing the right

thing?

2. Are we doing them the right way?

3. Are we going them well?

4. Are we getting the benefits?


Establish and Maintain a common risk view is for what and why? - Answer✔️✔️-

This is done for the Enterprise to determine the controls needed to mitigate risk

and integrate in the the business process.




This sets the tone of the business regarding how to determine and accepted level of

tolerance. This is the life cycle for regular reporting and review process and

oversees the operations of risk management


Why should you integrate risk management into the Enterprise? - Answer✔️✔️-This

enforces holistic ERM (Enterprise Risk Management) approach. This includes: all

departments, functions, systems and GEO locations.




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,©PREP4EXAMS 2024/2025 REAL EXAM DUMPS Tuesday, August 6, 2024 10,57 AM




This is the authority that is required for all business processes that undergo analysis

or when a change is made whether internal or external.


Why do you make risk aware business decisions? - Answer✔️✔️-To ensure the full

function of governance and range of opportunities with the consequences for each

decision that will impact the enterprise or the environment.

What are the Risk Management controls to be implemented and operating

correctly? - Answer✔️✔️-For oversight and due diligence. For mitigating risk and

ensuring the protection of the organization with the implemented and monitoring

controls that are effective.


What is the process of he Risk Management Life Cycle? - Answer✔️✔️-IT Risk

Identification

IT Risk Assessment

Risk Response & Mitigation

Risk & Control Monitoring & Report


Risk & Business Continuity - Answer✔️✔️-If the BCP (Business Continuity Plan) is

inadequate or inaccurate, the organization/enterprise may not meet their goals for

recovery after an incident. This is where the IT Risk Management connections with


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,©PREP4EXAMS 2024/2025 REAL EXAM DUMPS Tuesday, August 6, 2024 10,57 AM


Business Continuity. IT Risk Management and the Business ensure that all

functions are organized and are meeting the firms missions and goals to reduces

risk to an acceptable level and mitigate any failures that occur in timely fashion.


Risk & Audit - Answer✔️✔️-Risk associates with Audit to ensure that the

effectiveness of the Control Framework. This helps with Legislation, Government

oversight and Media scrutiny. All IS (information systems) auditors are required to

be: objective, skilled, and independent. They should be able to assess, identify,

document and provide recommendations for risks, vulnerabilities and addressed

issues.


Risk & Information Security - Answer✔️✔️-This drives the selection of controls and

justifies the initial and continued operations. Every control should be traceable

back to specific risk that the control is designed to mitigate. Types of risk: Control,

Project & Change


Control Risk - Answer✔️✔️-The risk that a material error exists that would not be

prevented or detected on a timely basis by the system of internal control.


Project Risk - Answer✔️✔️-A structured set of activities concerned with delivering a

defined capability (that is necessary, but not sufficient, to achieve a required

business outcome) to the enterprise, based on agreed-on schedule and budget.




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, ©PREP4EXAMS 2024/2025 REAL EXAM DUMPS Tuesday, August 6, 2024 10,57 AM


Change Risk - Answer✔️✔️-Risk that is not static, changes in the technology,

regulations, business processes, functionality, architecture, users and other

variables that affect the business and technical environments of the organization

may affect the levels of risk associated with system operations.


What are the SIX NIST Risk Management Framework Steps? - Answer✔️✔️-1.

Categorize Information Systems

2. Select Security Controls

3. Implement Security Controls

4. Assess Security Controls

5. Authorize Information Systems

6. Monitor Security Control

1.1 Which of the following business requirements BEST relates to the need for

resilient business and information system processes?




A. Effectiveness

B. Confidentiality

C. Integrity



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