Risk Monitoring and Reporting CRISC Practice Questions (Page 7)

Questions 31–35

1. 31foundation · easy

   Which of the following is an example of a control monitoring technique?

   • ACalculating the return on investment for a new project
   • BConducting a market analysis to identify new competitors
   • CReviewing system logs to verify that access rights are being enforced
   • DDeveloping a new business continuity plan
   Reveal Solution Discussion Select an answer first
2. 32foundation · easy

   Which process is most commonly used to identify emerging risks?

   • AControl self-assessment
   • BFinancial statement analysis
   • CHorizon scanning
   • DPost-incident review
   Reveal Solution Discussion Select an answer first
4. 33foundation · easy

   Which of the following is a risk monitoring technique that involves the process owners themselves assessing the effectiveness of their own controls?

   • AControl self-assessment (CSA)
   • BContinuous monitoring
   • CExternal audit
   • DPenetration testing
   Reveal Solution Discussion Select an answer first
5. 34foundation · easy

   What is the primary role of a Key Risk Indicator (KRI) in risk management?

   • ATo document the results of a risk assessment
   • BTo provide an early warning signal of an emerging risk
   • CTo measure the effectiveness of a specific internal control
   • DTo track the overall performance of a business process
   Reveal Solution Discussion Select an answer first
6. 35foundation · easy

   What is the primary purpose of a risk scorecard?

   • ATo summarize and track risk and control performance metrics over time
   • BTo provide a detailed narrative of a single risk incident
   • CTo replace the need for a risk register
   • DTo document the risk assessment methodology
   Reveal Solution Discussion Select an answer first