CRISC IT Risk Assessment Practice Question
A risk owner decides to accept a risk because the cost of mitigation exceeds the potential loss, and the risk level is within the organization's risk appetite. What should the risk owner do next?
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
✓
Document the risk and obtain formal sign-off
The risk owner should formally document the risk acceptance decision and obtain approval from management as per policy.
Answer analysis
Option-by-option breakdown
For each option: why learners choose it and why it is or isn't the right answer here.
- ✗
Implement detective controls to monitor the risk
Why it's wrong here
Acceptance means no additional controls are implemented; monitoring may be part of acceptance but not the primary action.
- ✗
Reassess the risk using quantitative analysis
Why it's wrong here
The decision to accept is already made; reassessment is not the next step.
- ✗
Transfer the risk to a third party via insurance
Why it's wrong here
Transfer is a different risk treatment option, not acceptance.
- ✓
Document the risk and obtain formal sign-off
Why this is correct
Proper risk acceptance requires documentation and formal approval from the risk owner or management.
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JA
Written by Johnson Ajibi, MSc IT Security
Senior Network & Security Engineer · founder of Courseiva
This CRISC 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 CRISC exam.