Isaca Certification CRISC Exam Questions and Answers PDF

 The best evidence of an effective internal control environment is the independent audit results. Independent audit results are the outcomes or findings of an external or independent party that evaluates the design, implementation, and operation of the internal controls. Independent audit results can provide an objective, reliable, and consistent assessment of the internal control environment, and identify the strengths, weaknesses, gaps, or issues of the internal controls. Independent audit results can also provide assurance, recommendations, or improvement opportunities for the internal control environment. The other options are not as good as independent audit results, as they are related to the inputs, processes, or outputs of the internal control environment, not the evaluation or verification of the internal control environment. References = Risk and Information Systems Control Study Manual, Chapter 2: IT Risk Assessment, Section 2.3: IT Control Assessment, page 69.

The organization control environment is most effective when the controls perform as intended. The controls are the mechanisms or measures that are designed and implemented to prevent, detect, or correct the risks that may affect the achievement of the objectives. The controls perform as intended when they provide reasonable assurance that the risks are mitigated or managed to an acceptable level, and that the objectives are met or exceeded. The performance of the controls can be measured and evaluated by using key performance indicators (KPIs) and key risk indicators (KRIs). The other options are not as indicative of the effectiveness of the control environment, as they are related to the review, implementation, or efficiency of the controls, not the performance or assurance of the controls. References = Risk and Information Systems Control Study Manual, Chapter 2: IT Risk Assessment, Section 2.3: IT Control Assessment, page 69.

The best method to maintain a common view of IT risk within an organization is to establish and communicate the IT risk profile. An IT risk profile is a document that summarizes the key IT risks that the organization faces or accepts, and their likelihood, impact, and priority. An IT risk profile helps to identify and prioritize the most critical or relevant IT risks, and to align them with the organization’s objectives, strategy, and risk appetite. Establishing and communicating the IT risk profile is the best method to maintain a common view of IT risk, because it helps to create a shared understanding and awareness of the IT risks among the organization’s stakeholders, such as the board, management, business units, and IT functions. Establishing and communicating the IT risk profile also helps to facilitate the IT risk decision-making and reporting processes, and to monitor and control the IT risk performance and improvement. The other options are not the best method to maintain a common view of IT risk, although they may be part of or derived from the IT risk profile. Collecting data for IT risk assessment, utilizing a balanced scorecard, and performing and publishing an IT risk analysis are all activities that can help to support or update the IT risk profile, but they are not the best method to maintain a common view of IT risk. References = Risk and Information Systems Control Study Manual, Chapter 1, Section 1.3.1, page 1-15.

 The most important outcome of a business impact analysis (BIA) is understanding and prioritization of critical processes. A BIA is a process that identifies and evaluates the potential effects of disruptions or disasters on the organization’s business functions and processes. A BIA helps to understand the dependencies, interrelationships, and impacts of the business processes, and to prioritize them based on their importance and urgency. A BIA also helps to determine the recovery objectives, strategies, and resources for the business processes, such as the recovery time objective (RTO), the recovery point objective (RPO), and the minimum operating requirements (MOR). The other options are not as important as understanding and prioritization of critical processes, although they may be part of or derived from the BIA. Completion of the business continuity plan (BCP), identification of regulatory consequences, and reduction of security and business continuity threats are all activities or outcomes that can be supported or facilitated by the BIA, but they are not the primary purpose or result of the BIA. References = CISA Review Manual, 27th Edition, Chapter 5, Section 5.2.1, page 5-9.