CRISC IT Risk Assessment Practice Question
An organization is evaluating whether to accept a risk. Which TWO conditions must be met for risk acceptance to be appropriate?
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
✓
The risk owner formally documents and accepts the risk
Acceptance requires that the risk is within the organization's risk appetite and that the risk owner formally documents and signs off the acceptance. It is not appropriate if controls are available or if the risk exceeds 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.
- ✗
The risk can be transferred to an insurer
Why it's wrong here
Incorrect; transfer is a different treatment.
- ✓
The risk owner formally documents and accepts the risk
Why this is correct
Correct; formal sign-off is required.
- ✗
The risk is high but unavoidable
Why it's wrong here
Incorrect; high risk typically requires mitigation.
- ✗
A cost-effective control is available
Why it's wrong here
Incorrect; if control is cost-effective, mitigation would be better.
- ✓
The risk is within the organization's risk appetite
Why this is correct
Correct; acceptance is only for risks within appetite.
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JA
Written by Johnson Ajibi, MSc IT Security
Senior Network & Security Engineer · founder of Courseiva
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