Isaca Certified in Risk and Information Systems Control CRISC Exam Questions

Answer : B

Robotics process automation (RPA) is the use of software robots to perform repetitive, rules-based tasks that interact with multiple applications. RPA can help internal audit departments automate certain continuous auditing tasks, such as data extraction, validation, analysis, and reporting. RPA can improve the efficiency, quality, and coverage of internal audit activities, and provide greater insight and value to the business. However, RPA also involves certain risks, such as errors, failures, security breaches, or compliance issues, that need to be identified, assessed, and managed. The risk associated with ineffective design of the software bots is the possibility and impact of the bots not functioning as intended, or producing inaccurate or unreliable results. The risk owner of this risk is the person or entity who has the authority and responsibility for managing the risk. The risk owner should be able to define the risk appetite, assess the risk level, select and implement the risk response, monitor and report the risk status, and ensure the risk alignment with the project objectives and strategy. The risk owner of the risk associated with ineffective design of the software bots is the project manager, who is the person in charge of planning, executing, monitoring, and closing the RPA project. The project manager understands the project scope, requirements, budget, timeline, and deliverables, and the potential consequences of ineffective design of the software bots. The project manager also has the resources and incentives to address the risk effectively and efficiently. Therefore, the project manager is the most appropriate risk owner of the risk associated with ineffective design of thesoftware bots.Reference:=Robotic Process Automation for Internal Audit, p. 3-4,Adopting robotic process automation in Internal Audit,Robotic Process Automation (RPA) -- Internal Audit Use and Risks.

Answer : A

According to the CRISC Review Manual, activity logging and monitoring is the best way to manage the risk associated with malicious activities performed by database administrators (DBAs), because it enables the detection and prevention of unauthorized or inappropriate actions on the database. Activity logging and monitoring involves capturing and reviewing the activities of the DBAs, such as the commands executed, the data accessed or modified, the privileges used,and the time and duration of the sessions. Activity logging and monitoring can also provide an audit trail for accountability and forensic purposes. The other options are not the best ways to manage the risk, because they do not directly address the malicious activities of the DBAs. Periodic access review is a control that verifies the appropriateness of the access rights granted to the DBAs, but it does not monitor their actual activities. Two-factor authentication is a control that enhances the security of the authentication process, but it does not prevent the DBAs from performing malicious activities once they are authenticated. Awareness training and background checks are controls that aim to reduce the likelihood of the DBAs engaging in malicious activities, but they do not guarantee their compliance or behavior.Reference:= CRISC Review Manual, 7th Edition, Chapter 4, Section 4.1.3, page 166.

Answer : D

Enforcing segregation of duties between the vendor master file and invoicing is the best process control to mitigate the risk of an employee issuing fraudulent payments to a vendor. This is because segregation of duties is a key internal control that prevents or detects errors, fraud, orabuse by ensuring that no single person can perform incompatible or conflicting tasks. The vendor master file is a database that contains the information and settings for each vendor, such as name, address, bank account, payment terms, etc. Invoicing is the process of generating and sending bills to the vendors for the goods or services they provide. If the same person can access and modify the vendor master file and issue invoices, he or she could create fictitious vendors, alter vendor information, or generate false or duplicate invoices, and then divert the payments to his or her own account. By segregating these duties, the organization can reduce the opportunity and likelihood of such fraudulent activities. According to the CRISC Review Manual 2022, segregation of duties is one of the key IT control objectives and practices1. According to the web search results, segregation of duties between the vendor master file and invoicing is a common and recommended control to prevent vendor fraud

Answer : C

The most appropriate time for changes to be promoted to production is after they are approved by the business owner, who is the individual or group that is accountable and responsible for the business objectives and requirements that are supported or affected by the changes. The approval by the business owner ensures that the changes are aligned and compatible with the business objectives and requirements, and that they provide the expected or desired outcomes or benefits for the business.

The other options are not the most appropriate times for changes to be promoted to production, because they do not ensure that the changes are aligned and compatible with the businessobjectives and requirements, and that they provide the expected or desired outcomes or benefits for the business.

Communicating the changes to business management means informing or reporting the changes to the senior management or executives that oversee or direct the business activities or functions. Communicating the changes to business management is important for ensuring the awareness and support of the business management, but it is not the most appropriate time for changes to be promoted to production, because it does not indicatewhether the changes are approved or authorized by the business owner, who is accountable and responsible for the business objectives and requirements.

Testing the changes by business owners means verifying and validating the functionality and usability of the changes, using the input and feedback from the business owners. Testing the changes by business owners is important for ensuring the quality and performance of the changes, but it is not the most appropriate time for changes to be promoted to production, because it does not indicate whether the changes are approved or authorized by the business owner, who is accountable and responsible for the business objectives and requirements.

Initiating the changes by business users means requesting or proposing the changes by the end users or customers that interact with the information systems and resources that are affected by the changes. Initiating the changes by business users is important for ensuring the relevance and appropriateness of the changes, but it is not the most appropriate time for changes to be promoted to production, because it does not indicate whether the changes are approved or authorized by the business owner, who is accountable and responsible for the business objectives and requirements.Reference:=

ISACA, CRISC Review Manual, 7th Edition, 2022, pp. 40-41, 47-48, 54-55, 58-59, 62-63

ISACA, CRISC Review Questions, Answers & Explanations Database, 2022, QID 194

CRISC Practice Quiz and Exam Prep

Answer : A

Thepercentage of successfully implemented changesdirectly reflects the effectiveness and stability of the change management process. It measures whether changes achieve intended results without disruption.

Answer : C

Comprehensive and Detailed Explanation (aligned to ISACA CRISC guidance)

CRISC and business continuity guidance stress that BCP development starts from understanding and prioritizing critical business services and processes derived from the business impact analysis (BIA). Prioritization allows the organization to define recovery time objectives (RTOs), recovery point objectives (RPOs), and sequence of restoration, ensuring limited resources are first focused on the processes that protect life, safety, regulatory obligations, revenue, and reputational value. Identifying alternate locations and DR sites, and designing communication plans, are essential elements of continuity and disaster recovery planning, but they are built around the set of prioritized services. Without a clear hierarchy of what must be restored first and to what level, the BCP will be unfocused and may fail to meet business expectations during a disruption.

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Answer : D

The PRIMARY reason for an organization to ensure the risk register is updated regularly is to make sure that risk information is available to enable risk-based decisions, because the risk register is a tool that documents and tracks the identified risks, their characteristics, their status, and their responses. The risk register provides a comprehensive and current view of the risk profile and exposure of the organization, and it supports the decision-making process and the risk management activities. The other options are not the primary reason, because:

Option A: Risk assessment results are accessible to senior management and stakeholders is a benefit of updating the risk register regularly, but not the primary reason. Risk assessment results are the outputs of the risk analysis process, and they should be recorded and communicated to the relevant parties, but they are not the only or the most important information in the risk register.

Option B: Risk mitigation activities are managed and coordinated is a result of updating the risk register regularly, but not the primary reason. Risk mitigation activities are the actions taken to address the identified risks, and they should be monitored and reported in the risk register, but they are not the only or the most important information in the risk register.

Option C: Key risk indicators (KRIs) are evaluated to validate they are still within the risk threshold is a process that involves updating the risk register regularly, but not the primary reason. KRIs are indicators that measure and monitor the risk exposure and performance of the organization, and they should be compared with the risk threshold to determine if the risk level is acceptable or not, and if any action is required, but they are not the only or the most important information in the risk register.Reference:= Risk and Information Systems Control Study Manual, 7th Edition, ISACA, 2020, p. 108.