CRISC Risk Response and Reporting Practice Question
An organization is developing a vendor risk management program. Which THREE activities should be included in the initial onboarding assessment for a high-risk vendor?
⚠ Common exam trap
Many exam-takers confuse 'initial onboarding' with 'ongoing monitoring' and select activities like onsite inspections or financial analysis, which are typically performed later in the vendor lifecycle, not during the initial risk assessment phase.
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
✓
Evaluating contract compliance requirements
Evaluating contract compliance requirements is a critical initial onboarding activity for a high-risk vendor because it ensures the vendor's service level agreements (SLAs), data protection clauses, and regulatory obligations (e.g., GDPR, PCI DSS) are formally documented and enforceable. This step establishes the legal and operational baseline for risk acceptance and ongoing monitoring, directly supporting the risk response strategy within the vendor risk management program.
Answer analysis
Option-by-option breakdown
For each option: why learners choose it and why it is or isn't the right answer here.
- ✓
Evaluating contract compliance requirements
Why this is correct
Ensures contractual security obligations are met.
- ✓
Reviewing SOC 2 Type II report
Why this is correct
Provides independent assurance of controls.
- ✗
Conducting an onsite physical security inspection
Why it's wrong here
Typically done for critical vendors and often later in the process.
- ✗
Analyzing the vendor's financial statements
Why it's wrong here
Financial health is important but not specific to information security risk assessment.
- ✓
Reviewing completed security questionnaires
Why this is correct
Standard practice to assess vendor security posture.
Go deeper
Related to this question
About these practice questions
This CRISC question is part of Courseiva's 983-question bank — original exam-style content with full explanations and wrong-answer analysis, never real exam questions or exam dumps. Learn why practice questions differ from exam dumps →
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.