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CRISC Information Systems Control

Subjects : certifications, crisc, it-skills

Instructions:

Answer 50 questions in 15 minutes.
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Match each statement with the correct term.
Don't refresh. All questions and answers are randomly picked and ordered every time you load a test.

This is a study tool. The 3 wrong answers for each question are randomly chosen from answers to other questions. So, you might find at times the answers obvious, but you will see it re-enforces your understanding as you take the test each time.

1. cusum
cumulative summary. each value is added for a cummulative total.
The process of integrating risk assessments at a corporate level to obtain a complete view on the overall risk for the enterprise
business process modeling
The amount of time allowed for the recovery of a business function or resource after a disaster occurs

2. IT risk issue
Business Process Reengineering
The ability to exercise judgment - express opinions and present recommendations with impartiality
1. An instance of IT risk 2. A combination of control - value and threat conditions that impose a noteworthy level of IT risk
The translation of the enterprise's mission from a statement of intention into performance targets and results

3. Integrity
Business Process Reengineering
international electrotechnical commission
Guarding against improper information modification or destruction - and includes ensuring information non-repudiation and authenticity
The ability of a system or network to resist failure or to recover quickly from any disruption - usually with minimal recognizable effect

4. Key risk indicator (KRI)
Documentation of the rationale for making a business investment - used both to support a business decision on whether to proceed with the investment and as an operational tool to support management of the investment through its full economic life cyc
A subset of risk indicators that are highly relevant and possess a high probability of predicting or indicating important risk. Scope Note: See also Risk Indicator.
statistical process control
1. A method to identify interdependencies and interconnections among risk - as well as the effect of risk responses on multiple types of risk 2. A method to estimate the aggregate impact of multiple types of risk (e.g. - cascading and coincidental th

5. Risk portfolio view
Any event during which a threat element/actor acts against an asset in a manner that has the potential to directly result in harm
business continuity planning
The amount of risk - on a broad level - that an entity is willing to accept in pursuit of its mission
1. A method to identify interdependencies and interconnections among risk - as well as the effect of risk responses on multiple types of risk 2. A method to estimate the aggregate impact of multiple types of risk (e.g. - cascading and coincidental th

6. ISO
international organization for standards
Failure modes effects analysis
The ability to exercise judgment - express opinions and present recommendations with impartiality
Control Objectives for Information and Related Technology

7. Internal controls
A plan of action or set of procedures to be performed if a system implementation - upgrade or modification does not work as intended Scope Note: May involve restoring the system to its state prior to the implementation or change. Fallback procedures
The policies - procedures - practices and organizational structures designed to provide reasonable assurance that business
risk management information systems
Determined based on the acceptable data loss in case of a disruption of operations. It indicates the earliest point in time that is acceptable to recover the data. The RPO effectively quantifies the permissible amount of data loss in case of interrup

8. RMIS
committee of sponsoring organizations
risk management information systems
A repository of the key attributes of potential and known IT risk issues. Attributes may include name - description - owner - expected/actual frequency - potential/actual magnitude - potential/actual business impact - disposition.
The process of integrating risk assessments at a corporate level to obtain a complete view on the overall risk for the enterprise

9. Application controls
A plan of action or set of procedures to be performed if a system implementation - upgrade or modification does not work as intended Scope Note: May involve restoring the system to its state prior to the implementation or change. Fallback procedures
Documentation of the rationale for making a business investment - used both to support a business decision on whether to proceed with the investment and as an operational tool to support management of the investment through its full economic life cyc
business continuity planning
The policies - procedures and activities designed to provide reasonable assurance that objectives relevant to a given automated solution (application) are achieved

10. Risk transfer
The process of integrating risk assessments at a corporate level to obtain a complete view on the overall risk for the enterprise
Exists to detect and report when errors - omissions and unauthorized uses or entries occur
The process of assigning risk to another enterprise - usually through the purchase of an insurance policy or by outsourcing the service
A study to prioritize the criticality of information resources for the enterprise based on costs (or consequences) of adverse events In an impact analysis - threats to assets are identified and potential business losses determined for different time

11. Detective control
Exists to detect and report when errors - omissions and unauthorized uses or entries occur
A weakness in the design - implementation - operation or internal control of a process that could expose the system to adverse threats from threat events
Standards standards published by: ISACA
The current and prospective effect on earnings and capital arising from negative public opinion. Scope Note: Reputation risk affects a bank's ability to establish new relationships or services - or to continue servicing existing relationships. It may

12. Business objective
An aptitude - competency or resource that an enterprise may possess or require at an enterprise - business function or individual level that has the potential - or is required - to contribute to a business outcome and to create value
A set of human - physical - technical and procedural resources to recover - within a defined time and cost - an activity interrupted by an emergency or disaster
A further development of the business goals into tactical targets and desired results and outcomes
Any event during which a threat event results in loss. Scope Note: From Jones - J.; 'FAIR Taxonomy -' Risk Management Insight - USA - 2008

13. Magnitude
For the purpose of IT risk management - one of three possible sorts of events: threat event - loss event and vulnerability event. Scope Note: Being able to consistently and effectively differentiate the different types of events that contribute to ri
business continuity planning
A measure of the potential severity of loss or the potential gain from realized events/scenarios
Carnegie Mellon University

14. Residual risk
A group of people integrated at the enterprise with clear lines of reporting and responsibilities for standby support in case of an information systems emergency. This group will act as an efficient corrective control - and should also act as a singl
The remaining risk after management has implemented a risk response
The acceptable level of variation that management is willing to allow for any particular risk as the enterprise pursues its objectives
business continuity planning

15. COBIT
The acceptable level of variation that management is willing to allow for any particular risk as the enterprise pursues its objectives
Guarding against improper information modification or destruction - and includes ensuring information non-repudiation and authenticity
Control Objectives for Information and Related Technology
expected loss

16. BSI
British Standards Institution
enterprise risk management
Evaluating the criticality and sensitivity of information assets. An exercise that determines the impact of losing the support of any resource to an enterprise - establishes the escalation of that loss over time - identifies the minimum resources nee
The process of integrating risk assessments at a corporate level to obtain a complete view on the overall risk for the enterprise

17. Risk culture
Something of either tangible or intangible value that is worth protecting - including people - information - infrastructure - finances and reputation
statistical process control
enterprise risk management
The set of shared values and beliefs that governs attitudes toward risk-taking - care and integrity - and determines how openly risk and losses are reported and discussed

18. CSF
Description of the fundamental underlying design of the IT components of the business - the relationships among them - and the manner in which they support the enterprise's objectives
The phases deployed in the development or acquisition of a software system. Scope Note: SDLC is an approach used to plan - design - develop - test and implement an application system or a major modification to an application system. Typical phases of
The individual(s) and department(s) responsible for the storage and safeguarding of computerized data
critical success factor

19. System development life cycle (SDLC)
A description of the overall (identified) IT risk to which the enterprise is exposed
A measure of the rate by which events occur over a certain period of time
For the purpose of IT risk management - one of three possible sorts of events: threat event - loss event and vulnerability event. Scope Note: Being able to consistently and effectively differentiate the different types of events that contribute to ri
The phases deployed in the development or acquisition of a software system. Scope Note: SDLC is an approach used to plan - design - develop - test and implement an application system or a major modification to an application system. Typical phases of

20. IT risk
Failure modes effects analysis
The business risk associated with the use - ownership - operation - involvement - influence and adoption of IT within an enterprise
The set of projects owned by a company. Scope Note: It usually includes the main guidelines relative to each project - including objectives - costs - time lines and other information specific to the project.
The process for systematically avoiding risk - constituting one approach to managing risk

21. Event type
For the purpose of IT risk management - one of three possible sorts of events: threat event - loss event and vulnerability event. Scope Note: Being able to consistently and effectively differentiate the different types of events that contribute to ri
operationally critical threat and vulnerability evaluation
1. An instance of IT risk 2. A combination of control - value and threat conditions that impose a noteworthy level of IT risk
statistical process control

22. Risk factor
1. A process by which frequency and magnitude of IT risk scenarios are estimated. 2. The initial steps of risk management: analyzing the value of assets to the business - identifying threats to those assets and evaluating how vulnerable each asset is
A set of human - physical - technical and procedural resources to recover - within a defined time and cost - an activity interrupted by an emergency or disaster
Description of the fundamental underlying design of the IT components of the business - the relationships among them - and the manner in which they support the enterprise's objectives
A condition that can influence the frequency and/or magnitude and - ultimately - the business impact of IT-related events/scenarios

23. RCSA
statistical process control
The management of risk through the use of countermeasures and controls
risk control self assessment
A weakness in the design - implementation - operation or internal control of a process that could expose the system to adverse threats from threat events

24. Project portfolio
Control Objectives for Information and Related Technology
The policies - procedures - practices and organizational structures designed to provide reasonable assurance that business
The set of projects owned by a company. Scope Note: It usually includes the main guidelines relative to each project - including objectives - costs - time lines and other information specific to the project.
statistical process control

25. Risk appetite
A set of human - physical - technical and procedural resources to recover - within a defined time and cost - an activity interrupted by an emergency or disaster
The amount of risk - on a broad level - that an entity is willing to accept in pursuit of its mission
operationally critical threat and vulnerability evaluation
A group of people integrated at the enterprise with clear lines of reporting and responsibilities for standby support in case of an information systems emergency. This group will act as an efficient corrective control - and should also act as a singl

26. Resilience
1. Information that proves or disproves a stated issue 2. Information that an auditor gathers in the course of performing an IS audit; relevant if it pertains to the audit objectives and has a logical relationship to the findings and conclusions it i
operationally critical threat and vulnerability evaluation
The ability of a system or network to resist failure or to recover quickly from any disruption - usually with minimal recognizable effect
risk management framework

27. Business impact
Methodology for Information Systems Risk Analysis and Management
The remaining risk after management has implemented a risk response
The net effect - positive or negative - on the achievement of business objectives
expected loss

28. COSO
The set of hardware - software and facilities that integrates an enterprise's IT assets. Scope Note: Specifically - the equipment (including servers - routers - switches and cabling) - software - services and products used in storing - processing - t
committee of sponsoring organizations
Documentation of the rationale for making a business investment - used both to support a business decision on whether to proceed with the investment and as an operational tool to support management of the investment through its full economic life cyc
The combination of strategic - managerial and operational activities involved in gathering - processing - storing - distributing and using information and its related technologies Scope Note: Information systems are distinct from information technolo

29. FMEA
A phase of a system development life cycle (SDLC) methodology that researches the feasibility and adequacy of resources for the development or acquisition of a system solution to a user need
enterprise risk management
Failure modes effects analysis
Business Process Reengineering

30. CRISC
certified in risk and information systems control
international electrotechnical commission
cumulative summary. each value is added for a cummulative total.
A weakness in the design - implementation - operation or internal control of a process that could expose the system to adverse threats from threat events

31. MAGERIT
Preserving authorized restrictions on access and disclosure - including means for protecting privacy and proprietary information
The management of risk through the use of countermeasures and controls
Methodology for Information Systems Risk Analysis and Management
A enterprise to automate and integrate the majority of its planning. System packaged business software system that allows an business processes - share common data and practices across the entire enterprise - and produce and access information in a r

32. Business case
Documentation of the rationale for making a business investment - used both to support a business decision on whether to proceed with the investment and as an operational tool to support management of the investment through its full economic life cyc
Something of either tangible or intangible value that is worth protecting - including people - information - infrastructure - finances and reputation
A phase of a system development life cycle (SDLC) methodology that researches the feasibility and adequacy of resources for the development or acquisition of a system solution to a user need
business continuity planning

33. Event
A method/process by which management and staff of all levels collectively identify and evaluate risk and controls with their business areas. This may be under the guidance of a facilitator such as an auditor or risk manager.
Failure modes effects analysis
Something that happens at a specific place and/or time
cumulative summary. each value is added for a cummulative total.

34. IT architecture

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35. Vulnerability
The business risk associated with the use - ownership - operation - involvement - influence and adoption of IT within an enterprise
The ability of a system or network to resist failure or to recover quickly from any disruption - usually with minimal recognizable effect
Failure modes effects analysis
A weakness in the design - implementation - operation or internal control of a process that could expose the system to adverse threats from threat events

36. IT risk register
Methodology for Information Systems Risk Analysis and Management
A repository of the key attributes of potential and known IT risk issues. Attributes may include name - description - owner - expected/actual frequency - potential/actual magnitude - potential/actual business impact - disposition.
The description of an IT-related event that can lead to a business impact IT-related incident An IT-related event that causes an operational - developmental and/or strategic business impact
operationally critical threat and vulnerability evaluation

37. standards publisher of IT Audit and Assurance
A weakness in the design - implementation - operation or internal control of a process that could expose the system to adverse threats from threat events
Standards standards published by: ISACA
certified in risk and information systems control
Control Objectives for Information and Related Technology

38. SIE
The set of shared values and beliefs that governs attitudes toward risk-taking - care and integrity - and determines how openly risk and losses are reported and discussed
Software Engineering Institute
A measure of the potential severity of loss or the potential gain from realized events/scenarios
1. The act of verifying identity (i.e. - user - system) Scope Note: Risk: Can also refer to the verification of the correctness of a piece of data 2. The act of verifying the identity of a user and the user's eligibility to access computerized inform

39. Impact analysis
A study to prioritize the criticality of information resources for the enterprise based on costs (or consequences) of adverse events In an impact analysis - threats to assets are identified and potential business losses determined for different time
business process modeling
The process of assigning risk to another enterprise - usually through the purchase of an insurance policy or by outsourcing the service
A (graphic) tool for ranking and displaying risk by defined ranges for frequency and magnitude

40. BPR
committee of sponsoring organizations
Failure modes effects analysis
A measure that determines how well the process is performing in enabling the goal to be reached. Scope Note: A lead indicator of whether a goal will likely be reached - and a good indicator of capabilities - practices and skills. It measures an activ
Business Process Reengineering

41. Governance
Ensures that stakeholder needs - conditions and options are evaluated to determine balanced - agreed-on enterprise objectives to be achieved; setting direction through prioritization and decision making; and monitoring performance and compliance agai
cumulative summary. each value is added for a cummulative total.
Control Objectives for Information and Related Technology
Guarding against improper information modification or destruction - and includes ensuring information non-repudiation and authenticity

42. Risk tolerance
The process of integrating risk assessments at a corporate level to obtain a complete view on the overall risk for the enterprise
The acceptable level of variation that management is willing to allow for any particular risk as the enterprise pursues its objectives
operationally critical threat and vulnerability evaluation
The amount of time allowed for the recovery of a business function or resource after a disaster occurs

43. Capability Maturity Model (CMM)
1. Contains the essential elements of effective processes for one or more disciplines. It also describes an evolutionary improvement path from ad hoc - immature processes to disciplined - mature processes with improved quality and effectiveness. 2. C
Something of either tangible or intangible value that is worth protecting - including people - information - infrastructure - finances and reputation
The net effect - positive or negative - on the achievement of business objectives
A probable situation with uncertain frequency and magnitude of loss (or gain)

44. IT risk profile
The business risk associated with the use - ownership - operation - involvement - influence and adoption of IT within an enterprise
The description of an IT-related event that can lead to a business impact IT-related incident An IT-related event that causes an operational - developmental and/or strategic business impact
A description of the overall (identified) IT risk to which the enterprise is exposed
1. The risk level or exposure without taking into account the actions that management has taken or might take (e.g. -implementing controls) 2. The risk that a material error could occur - assuming that there are no related internal controls to preven

45. Risk indicator
1. An instance of IT risk 2. A combination of control - value and threat conditions that impose a noteworthy level of IT risk
A metric capable of showing that the enterprise is subject to - or has a high probability of being subject to - a risk that exceeds the defined risk appetite Risk management 1. The coordinated activities to direct and control an enterprise with regar
Failure modes effects analysis
A enterprise to automate and integrate the majority of its planning. System packaged business software system that allows an business processes - share common data and practices across the entire enterprise - and produce and access information in a r

46. Business risk
A probable situation with uncertain frequency and magnitude of loss (or gain)
Preserving authorized restrictions on access and disclosure - including means for protecting privacy and proprietary information
risk control self assessment
An aptitude - competency or resource that an enterprise may possess or require at an enterprise - business function or individual level that has the potential - or is required - to contribute to a business outcome and to create value

47. Key performance indicator (KPI)
A metric capable of showing that the enterprise is subject to - or has a high probability of being subject to - a risk that exceeds the defined risk appetite Risk management 1. The coordinated activities to direct and control an enterprise with regar
1. A process by which frequency and magnitude of IT risk scenarios are estimated. 2. The initial steps of risk management: analyzing the value of assets to the business - identifying threats to those assets and evaluating how vulnerable each asset is
A weakness in the design - implementation - operation or internal control of a process that could expose the system to adverse threats from threat events
A measure that determines how well the process is performing in enabling the goal to be reached. Scope Note: A lead indicator of whether a goal will likely be reached - and a good indicator of capabilities - practices and skills. It measures an activ

48. Business continuity plan (BCP)
A plan used by an enterprise to respond to disruption of critical business processes. Depends on the contingency plan for restoration of critical systems
The ability of a system or network to resist failure or to recover quickly from any disruption - usually with minimal recognizable effect
The individual(s) and department(s) responsible for the storage and safeguarding of computerized data
A group of people integrated at the enterprise with clear lines of reporting and responsibilities for standby support in case of an information systems emergency. This group will act as an efficient corrective control - and should also act as a singl

49. Reputation risk

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50. IT risk scenario
The description of an IT-related event that can lead to a business impact IT-related incident An IT-related event that causes an operational - developmental and/or strategic business impact
The process of assigning risk to another enterprise - usually through the purchase of an insurance policy or by outsourcing the service
A probable situation with uncertain frequency and magnitude of loss (or gain)
A enterprise to automate and integrate the majority of its planning. System packaged business software system that allows an business processes - share common data and practices across the entire enterprise - and produce and access information in a r