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CRISC Practice Question: Which TWO of the following are key components of…
Which TWO of the following are key components of an effective risk and control monitoring program? (Select exactly two.)
⚠ Common exam trap
Many candidates confuse governance artifacts (like risk appetite statements and board reporting) with operational monitoring components, leading them to select options that are important for risk management but not part of the monitoring program's core structure.
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
✓
Control testing schedules
Control testing schedules (A) are a key component because they define the frequency and scope of evaluating whether controls are operating effectively. Without a structured schedule, control failures may go undetected for extended periods, increasing risk exposure. Defined key risk indicators (KRIs) (C) are also essential because they provide leading metrics that signal potential risk events before they materialize, enabling proactive monitoring and timely corrective actions.
Answer analysis
Option-by-option breakdown
For each option: why learners choose it and why it is or isn't the right answer here.
- ✓
Control testing schedules
Why this is correct
Ensures controls are tested regularly.
- ✗
Risk appetite statements
Why it's wrong here
Guides risk taking, not monitoring component.
- ✓
Defined key risk indicators (KRIs)
Why this is correct
Essential for monitoring.
- ✗
Quarterly board reporting
Why it's wrong here
Reporting is an output, not component.
- ✗
Annual risk assessment updates
Why it's wrong here
Part of risk management, not monitoring program.
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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.