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CRISC Practice Question: After a risk assessment, the risk owner states…
After a risk assessment, the risk owner states that the residual risk for a specific asset is within the organization's risk tolerance. Which of the following BEST describes the action that should be taken?
⚠ Common exam trap
Candidates often confuse 'residual risk within tolerance' with a need to 'transfer' or 'mitigate further,' failing to recognize that risk acceptance is the correct treatment when the risk level is already acceptable.
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
✓
Formally accept the risk and document the decision
When the risk owner confirms that residual risk is within the organization's risk tolerance, the appropriate action is to formally accept the risk and document the decision. This is a standard risk treatment option (risk acceptance) under the ISACA Risk IT Framework, where no further controls are needed because the residual risk level is already acceptable. Documenting the acceptance ensures auditability and accountability for the decision.
Answer analysis
Option-by-option breakdown
For each option: why learners choose it and why it is or isn't the right answer here.
- ✗
Transfer the risk to a third party
Why it's wrong here
Transfer is a treatment option, not required if risk is accepted.
- ✗
Implement additional controls to reduce risk further
Why it's wrong here
Unnecessary if risk is within tolerance.
- ✓
Formally accept the risk and document the decision
Why this is correct
Acceptance is appropriate when residual risk is within tolerance.
- ✗
Reassess the risk using a quantitative method
Why it's wrong here
No need to reassess if already within tolerance.
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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.