Isaca Updated CRISC Exam Questions and Answers by mathias

According to the FIC Article by FSCA, accountable institutions remain fully accountable, responsible and liable for any compliance failures that may result from or be associated with an outsourcing arrangement and as such, liability and/or culpability for non-compliance with the FIC Act obligations cannot be transferred to a third-party service provider2. Therefore, even if a business process is outsourced to a cloud service provider, the organization still has the ultimate responsibility and accountability for the risk associated with the outsourced process. The other options are not correct, as they imply that the cloud service provider can take over the accountability or responsibility for the risk, or that the organization can mitigate the risk by acquiring insurance, which is not the case.

Senior management requireshigh-level, decision-relevantinformation. CRISC guidance states that the most valuable elements to communicate areareas of elevated risk, because these represent conditions that may exceed risk appetite or require immediate action. Changes in mitigation plans and audit findings are important operational details but do not provide a clear picture of current exposure. Industry benchmarks offer context but do not describe the organization’s actual risk posture. Highlighting elevated risks helps executives prioritize resources, make treatment decisions, and determine whether escalations are required.

Technical control owners are responsible for the day-to-day operation and maintenance of controls. Their primary accountability is to ensure that controls are effectively implemented and continue to operate as intended to mitigate associated risks.

Frequent and well-documented testing of the DRP demonstrates the plan ' s effectiveness and readiness to handle real disruptions.