Isaca Certification IT-Risk-Fundamentals Practice Test Engine Try These 120 Exam Questions [Q16-Q34]

Rate this post

Isaca Certification IT-Risk-Fundamentals Practice Test Engine: Try These 120 Exam Questions

Guaranteed Success in Isaca Certification IT-Risk-Fundamentals Exam Dumps

ISACA IT-Risk-Fundamentals Exam Syllabus Topics:

Topic	Details
Topic 1	Risk Response: This section measures the skills of risk management professionals tasked with formulating strategies to address identified risks. It covers various approaches for responding to risks, including avoidance, mitigation, transfer, and acceptance strategies.
Topic 2	Risk Governance and Management: This domain targets risk management professionals who establish and oversee risk governance frameworks. It covers the structures, policies, and processes necessary for effective governance of risk within an organization. Candidates will learn about the roles and responsibilities of key stakeholders in the risk management process, as well as best practices for aligning risk governance with organizational goals and regulatory requirements.
Topic 3	Risk Monitoring, Reporting, and Communication: This domain targets tracking and communicating risk information within organizations. It focuses on best practices for monitoring ongoing risks, reporting findings to stakeholders, and ensuring effective communication throughout the organization.
Topic 4	Risk Assessment and Analysis: This topic evaluates identified risks. Candidates will learn how to prioritize risks based on their assessments, which is essential for making informed decisions regarding mitigation strategies.

QUESTION 16
Potential losses resulting from employee errors and system failures are examples of:

operational risk.

market risk.

strategic risk.

QUESTION 17
Which of the following is used to estimate the frequency and magnitude of a given risk scenario?

Risk analysis

Risk register

Risk governance

QUESTION 18
Which of the following is MOST important for a risk practitioner to ensure when preparing a risk report?

The risk report should be published for transparency and enterprise risk awareness.

The risk report should be uniform for all stakeholders to ensure consistency.

The risk report should be customized to stakeholder expectations.

QUESTION 19
A bottom-up approach to developing I&T risk-related risk scenarios:

is a generic method that allows anyone in the organization to develop risk scenarios.

is based on hypothetical situations envisioned by people performing specific I&T functions.

should not be used in conjunction with other approaches to evaluate I&T related events.

QUESTION 20
Which of the following is the MAIN reason to include previously overlooked risk in a risk report?

Assurance is needed that the risk dashboard is complete and comprehensive.

Overlooked or ignored risk may become relevant in the future.

The risk report must contain the current state of all risk.

QUESTION 21
Of the following, which stakeholder group is MOST often responsible for risk governance?

Board of directors

Enterprise risk management (ERM)

Business units

QUESTION 22
Which of the following is the BEST way to interpret enterprise standards?

A means of implementing policy

An approved code of practice
Q Documented high-level principles

QUESTION 23
Which of the following is a benefit of using a top-down approach when developing risk scenarios?

Focus at the enterprise level makes it easier to achieve management support.

The development process is simplified because it includes only I&T-related events.

Identification and assignment of risk ownership for mitigation plans can be done more quickly.

QUESTION 24
Which of the following is the PRIMARY objective of vulnerability assessments?

To determine the best course of action based on the threat and potential impact

To improve the knowledge of deficient control conditions within IT systems

To reduce the amount of effort to identify and catalog new vulnerabilities

QUESTION 25
Which of the following is the FIRST step in an advanced persistent threat (APT) attack?

Identify administrators and crack passwords to obtain administrator access.

Use social engineering to encourage employees to visit an infected website.

Collect information on the infrastructure of an organization to know where to attack.

QUESTION 26
Which of the following is the GREATEST benefit of effective asset valuation?

It protects the enterprise from paying more for protection than the net worth of the asset.

It assures that asset valuation is consistently applied to all assets across the enterprise.

It ensures assets are linked to processes and classified based on business value.

Effective asset valuation is crucial for several reasons, but the greatest benefit is its ability to ensure that assets are linked to processes and classified based on their business value. Here’s a detailed explanation:
* Linking Assets to Processes:
* Understanding Asset Utilization: By valuing assets effectively, an organization can better understand how each asset is used in various processes. This linkage helps in optimizing the use of assets, ensuring that they contribute effectively to business operations.
* Enhancing Process Efficiency: When assets are correctly valued and linked to processes, it enables the organization to streamline operations, reduce waste, and improve overall efficiency.
* Classification Based on Business Value:
* Prioritization of Resources: Effective asset valuation allows the organization to prioritize resources towards assets that hold the highest business value. This means that critical assets that support key business processes receive the necessary attention and investment.
* Informed Decision Making: Accurate valuation provides management with the necessary information to make informed decisions about asset maintenance, replacement, and enhancement, ensuring that the assets continue to provide value to the business.
* Risk Management:
* Mitigating Financial Risks: By knowing the exact value of assets, the organization can avoid over-investing or under-investing in protection measures. This balance helps in mitigating financial risks associated with asset management.
* Compliance and Reporting: Proper asset valuation ensures compliance with financial reporting standards and regulations, thereby reducing the risk of legal or regulatory issues.
References:
* The importance of linking assets to business processes and their classification based on business value is emphasized in various audit and IT management frameworks, including COBIT and ITIL.
* ISA 315 highlights the importance of understanding the entity’s information system and relevant controls, which includes the valuation and management of assets.

QUESTION 27
An enterprise has initiated a project to implement a risk-mitigating control. Which of the following would provide senior management with the MOST useful information on the project’s status?

Risk register

Risk heat map

Risk report

QUESTION 28
Which of the following MUST be established in order to manage l&T-related risk throughout the enterprise?

An enterprise risk governance committee

The enterprise risk universe

Industry best practices for risk management

QUESTION 29
As part of the control monitoring process, frequent control exceptions are MOST likely to indicate:

excessive costs associated with use of a control.

misalignment with business priorities.

high risk appetite throughout the enterprise.

QUESTION 30
Which of the following is MOST important when defining an organization’s risk scope?

Understanding the impacts of the risk environment to the organization

Developing a top-down approach to risk management

Developing requirements for risk reporting to executive management

QUESTION 31
A risk practitioner has been tasked with analyzing new risk events added to the risk register. Which of the following analysis methods would BEST enable the risk practitioner to minimize ambiguity and subjectivity?

Annual loss expectancy (ALE)

Delphi method

Brainstorming

QUESTION 32
Which of the following is the BEST control to prevent unauthorized user access in a remote work environment?

Read-only user privileges

Multi-factor authentication

Monthly user access recertification

QUESTION 33
Which of the following provides the MOST important input for analyzing I&T-related risk?

Information about market trends and technology evolution

Information about past incidents, frequency, and loss to the organization

Information about threats and vulnerabilities

QUESTION 34
Incomplete or inaccurate data may result in: