CRISC IT Risk Assessment Practice Question
An organization identifies a risk that is within its risk appetite. The risk owner decides to formally document the risk and accept it without implementing additional controls. Which of the following is required for this risk acceptance?
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
✓
Formal sign-off by the risk owner
Acceptance requires formal documentation and sign-off by the risk owner, acknowledging the risk within appetite.
Answer analysis
Option-by-option breakdown
For each option: why learners choose it and why it is or isn't the right answer here.
- ✗
Avoidance of the business process
Why it's wrong here
Avoidance is eliminating the risk activity, not accepting it.
- ✗
Transfer of risk to an insurance provider
Why it's wrong here
Transfer is a different treatment option.
- ✓
Formal sign-off by the risk owner
Why this is correct
Acceptance requires documented acknowledgment and approval from the risk owner.
- ✗
Implementation of compensating controls
Why it's wrong here
Compensating controls are not needed if risk is accepted.
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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.