CISM Information Security Risk Management Practice Question
Which TWO of the following are key components of a risk assessment report according to best practices? (Choose two.)
⚠ Common exam trap
A common mix-up: candidates confuse the risk assessment report's output (risk scenarios and treatment recommendations) with inputs or supporting data (vendor ratings, control testing details, asset inventory), leading them to select options that are part of the process but not the final report.
Answer choices
Why each option matters
Answer the question above first, then reveal the full breakdown to understand why each option is right or wrong.
Correct answer & explanation
✓
Risk scenarios with likelihood and impact ratings
Risk scenarios with likelihood and impact ratings are a core component of a risk assessment report because they provide a structured narrative of how a threat could exploit a vulnerability, enabling the organization to prioritize risks based on quantitative or qualitative measures. This aligns with ISACA's best practices for risk communication, ensuring decision-makers understand the potential business impact.
Answer analysis
Option-by-option breakdown
For each option: why learners choose it and why it is or isn't the right answer here.
- ✗
Vendor security assessment ratings
Why it's wrong here
Vendor ratings may be used but are not a required component of a general risk assessment report.
- ✓
Risk scenarios with likelihood and impact ratings
Why this is correct
Risk scenarios with assessments are central to a risk assessment report.
- ✗
Detailed results of control testing
Why it's wrong here
Control testing results are typically in a separate audit or control assessment report.
- ✓
Risk treatment recommendations
Why this is correct
The report should propose actions to manage identified risks.
- ✗
Complete asset inventory
Why it's wrong here
Asset inventory is a prerequisite but not part of the risk assessment report itself.
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JA
Written by Johnson Ajibi, MSc IT Security
Senior Network & Security Engineer · founder of Courseiva
This CISM practice question is part of Courseiva's free ISACA certification practice question bank. Courseiva provides original exam-style practice questions with explanations, topic-based practice, mock exams, readiness tracking, and study analytics to help learners prepare for the CISM exam.