Isaca Updated CRISC Exam Questions and Answers by kamari

 Role of the Control Owner:

The control owner is responsible for the design, implementation, and maintenance of a specific control.

They have detailed knowledge of the control’s purpose, its intended functionality, and its operational context within the organization.

 Responsibility for Remediation:

When a penetration testing team discovers an ineffectively designed access control, it is the control owner’s responsibility to ensure the design gap is remediated.

The control owner must assess the findings, determine the root cause of the ineffectiveness, and take necessary actions to redesign or enhance the control to address the identified weaknesses.

 Steps to Remediate Control Design Gap:

Assess the Findings:Understand the specific issues identified by the penetration testing team.

Redesign the Control:Modify the control design to address the identified gaps and ensure it meets security requirements.

Implement Changes:Apply the redesigned control and test its effectiveness.

Continuous Monitoring:Regularly review the control to ensure it remains effective over time.

 Comparing Other Roles:

Risk Owner:Manages overall risk but does not directly handle control design.

IT Security Manager:Oversees the security posture but delegates specific control responsibilities to control owners.

Control Operator:Operates the control but is not responsible for its design or remediation.

 References:

The CRISC Review Manual emphasizes the control owner's responsibility in maintaining and improving control effectiveness (CRISC Review Manual, Chapter 3: Risk Response and Mitigation, Section 3.7 Control Design and Selection)​​.

 The best time to identify the risk associated with a major project to determine a mitigation plan is the project initiation phase. The project initiation phase is the first phase of the project management process, where the project is defined, authorized, and planned. The project initiation phase includes the activities of developing the project charter, identifying the stakeholders, and defining the scope and objectives of the project. The project initiation phase is the best time to identify the risk associated with the project, as it provides the opportunity to understand the project context, requirements, and expectations, and to establish the risk management framework, process, and plan. By identifying the risk early in the project, the mitigation plan can be integrated with the project plan, and the resources, budget, and schedule can be allocated accordingly. The other options are not as optimal as the project initiation phase, as they are related to the execution, closing, or planning of the project, not the definition or authorization of the project. References = Risk and Information Systems Control Study Manual, Chapter 1: IT Risk Identification, Section 1.1: IT Risk Management Process, page 15.

Comprehensive and Detailed Explanation From Exact Extract:

Automated code reviews are most effective when integrated throughout the development lifecycle. Continuous reviews allow early detection and remediation of vulnerabilities, preventing security issues from propagating into later stages such as testing or production. Performing code reviews only at the end or once in production is less effective as vulnerabilities may already be embedded. The proactive approach in development reduces risk significantly

Key risk indicators (KRIs) are the metrics or measures that provide information and insight on the level and trend of the risks that may affect the organization’s objectives and operations. KRIscan help the organization to monitor and communicate the risks, and to support the decision making and planning for the risk management.

To implement the most effective monitoring of KRIs, one of the essential elements that needs to be in place is threshold definition, which is the process of establishing and specifying the acceptable or tolerable ranges or limits for the KRIs, based on the organization’s risk appetite and tolerance. Threshold definition can help the organization to monitor KRIs by providing the following benefits:

It can enable the comparison and evaluation of the actual or current values of the KRIs with the expected or desired values of the KRIs, and to identify and quantify the deviations or variations that may indicate the changes or developments in the risk level or performance.

It can trigger the alerts or notifications when the values of the KRIs exceed or fall below the thresholds, and to initiate the appropriate actions or responses to address or correct the risks and their impacts.

It can provide useful references and benchmarks for the alignment and integration of the KRIs with the organization’s risk management function, and for the compliance with the organization’s risk policies and standards.

The other options are not the essential elements that need to be in place to implement the most effective monitoring of KRIs, because they do not address the main purpose and benefit of threshold definition, which is to establish and specify the acceptable or tolerable ranges or limits for the KRIs.

Escalation procedures are the processes and guidelines for communicating and sharing the information and status of the risks and their responses among the relevant stakeholders, and for escalating or transferring the risks and their responses to the appropriate levels orparties when necessary or required. Escalation procedures can help the organization to monitor KRIs by ensuring the awareness and involvement of the stakeholders, but they are not the essential elements that need to be in place, because they do not establish and specify the acceptable or tolerable ranges or limits for the KRIs.

Automated data feed is the process of using a software tool or system to collect and transmit the data or information that are related or relevant to the KRIs, and to ensure the accuracy, reliability, and timeliness of the data or information. Automated data feed can help the organization to monitor KRIs by providing the data or information that are necessary and relevant for the KRIs, but they are not the essential elements that need to be in place, because they do not establish and specify the acceptable or tolerable ranges or limits for the KRIs.

Controls monitoring is the process of verifying and validating the adequacy and effectiveness of the controls that are intended to ensure the confidentiality, integrity, availability, and reliabilityof the information systems and resources that are affected by the risks. Controls monitoring can help the organization to monitor KRIs by providing the assurance and evidence on the performance and compliance of the controls, but they are not the essential elements that need to be in place, because they do not establish and specify the acceptable or tolerable ranges or limits for the KRIs. References =

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 206

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