CRISC Risk Response and Reporting Practice Question
An organization is implementing a third-party risk management program. Which TWO are essential components of the initial vendor risk assessment process?
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
✓
Security questionnaires
Initial vendor assessments typically involve security questionnaires to gather information and review of SOC 2 reports to verify controls. These are foundational due diligence steps.
Answer analysis
Option-by-option breakdown
For each option: why learners choose it and why it is or isn't the right answer here.
- ✓
Security questionnaires
Why this is correct
Questionnaires gather information about the vendor's security practices.
- ✗
Contract compliance review
Why it's wrong here
Contract compliance is typically reviewed during ongoing monitoring.
- ✓
Review of SOC 2 Type II report
Why this is correct
SOC 2 reports provide assurance over controls relevant to security.
- ✗
Quarterly vulnerability scans of vendor networks
Why it's wrong here
Quarterly scans are part of ongoing monitoring, not initial assessment.
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Annual reassessment
Why it's wrong here
Annual reassessment is ongoing monitoring, not initial.
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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.