- A
Implement detective controls to monitor the risk
Why wrong: Acceptance means no additional controls are implemented; monitoring may be part of acceptance but not the primary action.
- B
Reassess the risk using quantitative analysis
Why wrong: The decision to accept is already made; reassessment is not the next step.
- C
Transfer the risk to a third party via insurance
Why wrong: Transfer is a different risk treatment option, not acceptance.
- D
Document the risk and obtain formal sign-off
Proper risk acceptance requires documentation and formal approval from the risk owner or management.
Question 772 of 1,000
CRISC IT Risk Assessment Practice Question
This CRISC practice question tests your understanding of it risk assessment. Match the stated requirement to the specific cloud service, access model, or configuration option — many options are valid in isolation but not for this scenario. After answering, compare your reasoning against the explanation and wrong-answer breakdown below. Once you have made your selection, read the full explanation to reinforce the concept and understand why each distractor is designed to mislead on exam day.
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.
Key principle: Answer the scenario, not the keyword: identify the specific constraint before choosing the most familiar-sounding option.
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.
Related concept
Read the scenario before looking for a memorised answer.
Common exam traps
Common exam trap: answer the scenario, not the keyword
Many certification questions include familiar terms but test a specific constraint. Read the exact wording before choosing an answer that is generally true but wrong for this case.
Detailed technical explanation
How to think about this question
This question should be treated as a scenario, not a definition check. Identify the problem, the constraint and the best action. Then compare each option against those facts.
KKey Concepts to Remember
- Read the scenario before looking for a memorised answer.
- Find the constraint that changes the correct option.
- Eliminate answers that are true in general but not in this case.
- Use explanations to understand the rule behind the answer.
TExam Day Tips
- Underline the problem statement mentally.
- Watch for words such as best, first, most likely and least administrative effort.
- Review why wrong options are wrong, not only why the correct option is correct.
Key takeaway
Answer the scenario, not the keyword: identify the specific constraint before choosing the most familiar-sounding option.
Real-world example
How this comes up in practice
A practitioner preparing for the CRISC exam encounters this exact type of scenario on the job. The correct answer here is not the most general option — it is the best answer for the specific constraint described. Answer the scenario, not the keyword: identify the specific constraint before choosing the most familiar-sounding option. Real exam questions reward reading the full scenario before eliminating options, because the constraint defines which answer fits.
What to study next
Got this wrong? Here's your next step.
Identify which CRISC exam domain this question belongs to, then review the specific concept being tested. Practise related questions in that domain and focus on understanding why each wrong answer is tempting — not just why the correct answer is right.
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IT Risk Assessment — study guide chapter
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FAQ
Questions learners often ask
What does this CRISC question test?
IT Risk Assessment — This question tests IT Risk Assessment — Read the scenario before looking for a memorised answer..
What is the correct answer to this question?
The correct answer is: 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.
What should I do if I get this CRISC question wrong?
Identify which CRISC exam domain this question belongs to, then review the specific concept being tested. Practise related questions in that domain and focus on understanding why each wrong answer is tempting — not just why the correct answer is right.
What is the key concept behind this question?
Read the scenario before looking for a memorised answer.
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Last reviewed: Jul 4, 2026
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.
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