CRISC DOMAIN 1 PREP QUESTIONS
AND ANSWERS WITH VERIFIED
SOLUTIONS 100% CORRECT
a collection of activities used to manage the inventory,
classification, use, and disposal of assets. - correct answer-
asset management
A common risk management framework you should be aware of.
- correct answer- Isaca Risk Framework
allow management to understand the quantity and quality of
business process output.. - correct answer- Key
Performance Indicator's
an overall asset, organization, or business process under review
and includes detailed information on all aspects of those items
and how they contribute to, mitigate, or influence risk. -
correct answer- Risk Profile
anything of value to the organization, including physical
equipment, facilities, human assets, and information. -
correct answer- Organizational assets
, Auditing ensures that processes and activities are being
conducted in accordance with governance and serves to further
ensure accountability. - correct answer- Auditing in terms
of risk management
Board of Directors, Executive compensation/incentives,
Shareholder concentration - correct answer- internal
governance
Compliance, ethics and risk management and is intended to
provide guidance - correct answer- second line of
defense
Defines how an organization feels about and deals with risk and
comes from the organization's leadership and governance. -
correct answer- Organizational risk culture
describes the requirements that the organization must adhere
to in terms of managing both business and IT risk. - correct
answer- Risk Governance
AND ANSWERS WITH VERIFIED
SOLUTIONS 100% CORRECT
a collection of activities used to manage the inventory,
classification, use, and disposal of assets. - correct answer-
asset management
A common risk management framework you should be aware of.
- correct answer- Isaca Risk Framework
allow management to understand the quantity and quality of
business process output.. - correct answer- Key
Performance Indicator's
an overall asset, organization, or business process under review
and includes detailed information on all aspects of those items
and how they contribute to, mitigate, or influence risk. -
correct answer- Risk Profile
anything of value to the organization, including physical
equipment, facilities, human assets, and information. -
correct answer- Organizational assets
, Auditing ensures that processes and activities are being
conducted in accordance with governance and serves to further
ensure accountability. - correct answer- Auditing in terms
of risk management
Board of Directors, Executive compensation/incentives,
Shareholder concentration - correct answer- internal
governance
Compliance, ethics and risk management and is intended to
provide guidance - correct answer- second line of
defense
Defines how an organization feels about and deals with risk and
comes from the organization's leadership and governance. -
correct answer- Organizational risk culture
describes the requirements that the organization must adhere
to in terms of managing both business and IT risk. - correct
answer- Risk Governance
