ISACA CRISC Certification Practice Test

The ISACA CRISC certification is mainly targeted to those candidates who want to build their career in IT Risk management domain. The ISACA Certified in Risk and Information Systems Control (CRISC) exam verifies that the candidate possesses the fundamental knowledge and proven skills in the area of ISACA Risk and Information Systems Control.

ISACA’s Certified in Risk and Information Systems Control (CRISC) certification indicates expertise in identifying and managing enterprise IT risk and implementing and maintaining information systems controls. Gain instant recognition and credibility with CRISC and boost your career!

Exam Name: ISACA Certified in Risk and Information Systems Control (CRISC)

Exam Price: ISACA Member $575 (USD)

Exam Price: ISACA Nonmember $760 (USD)

Duration: 240 mins

Number of Questions: 150

Passing score: 450/800

– 5 tests of 150 questions each, simulating 5 real exams
– Explanations of each question and its correct answer.
– English language
– The tests include questions from both preparation tests and the latest certification exams.

This course has been designed with the purpose of helping students to practice the exam tests, which is essential to be prepared to understand and answer the exam questions.

CRISC course outline is divided into four major domains, these are:

1. IT Risk IdentificationIn this chapter, you identify how certain IT risks assist in executing a risk management strategy, in line with business objectives as well as the entire enterprise risk management (ERM) strategy. You will learn information collection and review and determine possible potential risks the organization can be exposed to. This domain also teaches you to identify and assess threats through risk analysis and threat assessments within an organization.

   Other integral topics you’ll cover under this section include:

   • Identifying stakeholders
   • User Accountability
   • Creating and Maintaining an IT risk register
   • Identifying risk appetite and tolerance
   • Aligning IT risk with business objectives

   This CRISC syllabus domain covers roughly 27% of the CRISC Course outline and will also provide you with the knowledge to create training and collaborative awareness programs.

2. IT Risk AssessmentIn the IT Risk Assessment domain, it covers roughly 28% of the CRISC Syllabus and here you’ll learn how to analyze and evaluate IT risk. Moreover, doing so will enable you to determine the likelihood and impact of the risks on business objectives and make effective risk-based decisions for the benefit of the organisation.

   Analysis and evaluation of risk scenarios is a primary feature of this domain since it enables you to determine the probability and damage extent a specific risk would cause. You are also assessed on your ability to identify the status quo of existing Information System controls and if they are effective in mitigating IT risk.

   You will also learn how to review the results of risk and control, assess any shortcomings presented in the existing environment. You will also learn to assign correct risk ownership for accountability and communicate these results to senior management and stakeholders. This domain also shows you how to update the risk register regularly.

3. Risk Response and MitigationDetermining risk response options and evaluating their efficiency and effectiveness in risk management is learned in this third domain which covers about 23%. You will have the ability to consult with the risk owners to introduce or formulate measures that are in alignment with the business objectives. Consulting with risk owners helps in developing effective risk action plans through making informed decisions. In addition, how to validate a risk action plan is covered in this CRISC syllabus domain as well as design and implementation, therefore adjusting mitigating measures can be made easier.

   Since accountability is key here, clear communication lines must be established between all stakeholders involved in risk ownership. You’ll also learn how to create effective and efficient control measures

4. Risk and Control Monitoring and ReportingYou’ll learn how to define and establish key risk indicators in order to monitor risk changes. These changes are crucial since they tend to change an organization’s IT risk profile. Reporting on these findings is essential in ensuring informed decision making by relevant stakeholders and also realizing business objectives.

CRISC JOB PRACTICE AREAS:

Domain 1—IT Risk Identification – (27% questions will come from this domain in the main exam)

Identify the universe of IT risk to contribute to the execution of the IT risk management strategy in support of business objectives and in alignment with the enterprise risk management (ERM) strategy.

1.1 Collect and review information, including existing documentation, regarding the organization’s internal and external business and IT environments to identify potential or realized impacts of IT risk to the organization’s business objectives and operations.

1.2 Identify potential threats and vulnerabilities to the organization’s people, processes, and technology to enable IT to risk analysis.

1.3 Develop a comprehensive set of IT risk scenarios based on available information to determine the potential impact on business objectives and operations.

1.4 Identify key stakeholders for IT risk scenarios to help establish accountability.

1.5 Establish an IT risk register to help ensure that identified IT risk scenarios are accounted for and incorporated into the enterprise-wide risk profile.

1.6 Identify risk appetite and tolerance defined by senior leadership and key stakeholders to ensure alignment with business objectives.

1.7 Collaborate in the development of a risk awareness program and conduct training to ensure that stakeholders understand risk and to promote a risk-aware culture.

Domain 2—IT Risk Assessment – (28% of questions will come from this domain in the main exam)

Analyze and evaluate IT risk to determine the likelihood and impact on business objectives to enable risk-based decision making.

2.1 Analyze risk scenarios based on organizational criteria (e.g., organizational structure, policies, standards, technology, architecture, controls) to determine the likelihood and impact of an identified risk.

2.2 Identify the current state of existing controls and evaluate their effectiveness for IT risk mitigation.

2.3 Review the results of risk and control analysis to assess any gaps between current and desired states of the IT risk environment.

2.4 Ensure that risk ownership is assigned at the appropriate level to establish clear lines of accountability.

2.5 Communicate the results of risk assessments to senior management and appropriate stakeholders to enable risk-based decision making.

2.6 Update the risk register with the results of the risk assessment.

Domain 3—Risk Response Mitigation – (23% of questions will come from this domain in the main exam)

Determine risk response options and evaluate their efficiency and effectiveness to manage risk in alignment with business objectives.

3.1 Consult with risk owners to select and align recommended risk responses with business objectives and enable informed risk decisions.

3.2 Consult with, or assist, risk owners on the development of risk action plans to ensure that plans include key elements (e.g., response, cost, target date).

3.3 Consult on the design and implementation or adjustment of mitigating controls to ensure that the risk is managed to an acceptable level.

3.4 Ensure that control ownership is assigned to establish clear lines of accountability.

3.5 Assist control owners in developing control procedures and documentation to enable efficient and effective control execution.

3.6 Update the risk register to reflect changes in risk and management’s risk response.

3.7 Validate that risk responses have been executed according to the risk action plans.

Domain 4—Risk and Control Monitoring and Reporting – (22% of questions will come from this domain in the main exam)

Continuously monitor and report on IT risk and controls to relevant stakeholders to ensure the continued efficiency and effectiveness of the IT risk management strategy and its alignment to business objectives.

4.1 Define and establish key risk indicators (KRIs) and thresholds based on available data, to enable monitoring of changes in risk.

4.2 Monitor and analyze key risk indicators (KRIs) to identify changes or trends in the IT risk profile.

4.3 Report on changes or trends related to the IT risk profile to assist management and relevant stakeholders in decision making.

4.4 Facilitate the identification of metrics and key performance indicators (KPIs) to enable the measurement of control performance.

4.5 Monitor and analyze key performance indicators (KPIs) to identify changes or trends related to the control environment and determine the efficiency and effectiveness of controls.

4.6 Review the results of control assessments to determine the effectiveness of the control environment.

4.7 Report on the performance of, changes to, or trends in the overall risk profile and control environment to relevant stakeholders to enable decision making.