Isaca Updated CRISC Exam Questions and Answers by mylo

 According to the IT Risk Management - Basics and Best Practices article, one of the best practices for IT risk management is to keep the risk register up to date. A risk register is a document that records the identified risks, their causes, impacts, likelihood, responses, andstatus. A risk register is a vital tool for IT risk management, as it helps to track and monitor the risks throughout their lifecycle, and to communicate the risks to the relevant stakeholders. However, a risk register is only useful if it reflects the current situation and environment of the organization. Therefore, the risk register should be regularly updated to capture any changes in the risk profile, such as new risks, resolved risks, modified risks, or escalated risks. Updating the risk register will help to ensure that the risk management process is effective and efficient, and that the risk responses are appropriate and timely. References = IT Risk Management - Basics and Best Practices

The greatest benefit of having a mature enterprise architecture (EA) in place is efficient operations, as EA provides a holistic view of the organization’s business processes, information systems, and technology infrastructure, and enables alignment, integration, and optimization of these components. Standards-based policies, audit readiness, and regulatory compliance are also benefits of EA, but they are not the greatest benefit. References = CRISC Review Manual, 7th Edition, page 145.

According to the CRISC Review Manual1, authorizing user access requests is the process of granting or denying access to IT resources based on the user’s role, responsibilities, and business needs. Authorizing user access requests is a key control accountability that should be retained within the organization, as it helps to ensure that the principle of least privilege is applied, and that the access rights are aligned with the organization’s policies, standards, and risk appetite. Authorizing user access requests also helps to prevent unauthorized access, data leakage, fraud, and other potential risks associated with user access provisioning and termination. Therefore, the best control accountability to retain within the organizationwhen a third-party vendor offers to perform user access provisioning and termination is authorizing user access requests. References = CRISC Review Manual1, page 240.

The most important requirement for monitoring key risk indicators (KRIs) using log analysis is providing accurate logs in a timely manner, because this ensures that the risk data is reliable, relevant, and up-to-date. Logs are records of events or activities that occur in IT systems, such as network traffic, user actions, system errors, or security incidents. Log analysis is the process of reviewing and interpreting logs to identify and assess risks, such as performance issues,operational failures, compliance violations, or cyberattacks. By providing accurate logs in a timely manner, an organization can monitor the current status and trends of its KRIs, which are metrics that measure the level and impact of risks. Accurate logs mean that the logs are complete, consistent, and free of errors or anomalies that may distort the risk data. Timely logs mean that the logs are available as soon as possible after the events or activities occur, and that they are updated frequently to reflect the latest changes. Providing accurate logs in a timely manner can help an organization to detect and respond to risks promptly, and to support risk-based decision making and reporting. References = Risk IT Framework, ISACA, 2022, p. 22