Crisc scope - Study guides, Class notes & Summaries

CRISC Review Questions and Answers 2023 Governance answers what four Questions 1. Are we doing the right thing? 2. Are we doing them the right way? 3. Are we going them well? 4. Are we getting the benefits? Establish and Maintain a common risk view is for what and why? This is done for the Enterprise to determine the controls needed to mitigate risk and integrate in the the business process. This sets the tone of the business regarding how to determine and accepted level of toler...

CRISC Exam (Domain 1) with correct answers 100% 2024 /2025 CRISC Scope - Correct Answer Focuses on risk assessment, treatment, and monitoring. These are methods, processes and protocols used and governed withing a larger enterprise risk mgmt. framework. What does CRISC not address? - Correct Answer CRISC does not address what's detailed in ISO31000 on how to create a risk mgmt program. Does not focus on mandate/commitment aspect of managing risk (leadership area) Does not focus on cont...

CRISC EXAM TOPIC 2 LONG Questions and Answers 2023 Question #:2 - (Exam Topic 2) A recent audit identified high-risk issues in a business unit though a previous control self-assessment (CSA) had good results. Which of the following is the MOST likely reason for the difference? A. The audit had a broader scope than the CSA. B. The CSA was not sample-based. C. The CSA did not test control effectiveness. D. The CSA was compliance-based, while the audit was risk-based. D. The CSA was compli...

CRISC Test Bank 1 240 Questions and Answers 2023 Q1 Which section of the Sarbanes-Oxley Act specifies "Periodic financial reports must be certified by CEO and CFO"? A. Section 302 B. Section 404 C. Section 203 D. Section 409 Correct Answer: A Section: Volume A Explanation Section 302 of the Sarbanes-Oxley Act requires corporate responsibility for financial reports to be certified by CEO, CFO, or designated representative. Incorrect Answers: B: Section 404 of the Sarba...