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CRISC Practice Question: Which TWO of the following are key elements that…
Which TWO of the following are key elements that should be included in an IT risk assessment report?
⚠ Common exam trap
Many candidates confuse supporting documentation (like vendor contracts or network diagrams) with the core required elements of a risk assessment report, which must focus on risk identification, ratings, and treatment recommendations.
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
✓
A list of identified risks and their ratings
The IT risk assessment report must document all identified risks along with their inherent and residual risk ratings (typically using a qualitative or quantitative scale such as 1-5 for likelihood and impact). This provides a clear, prioritized view of the risk landscape, enabling stakeholders to understand which risks require immediate attention. Without this list and ratings, the report lacks the foundational data needed for decision-making.
Answer analysis
Option-by-option breakdown
For each option: why learners choose it and why it is or isn't the right answer here.
- ✓
A list of identified risks and their ratings
Why this is correct
Risk inventory is fundamental.
- ✓
Recommendations for risk treatment
Why this is correct
Actionable recommendations are a key output.
- ✗
Copies of vendor contracts
Why it's wrong here
Contract details are not part of the risk assessment report itself.
- ✗
Network topology diagrams
Why it's wrong here
Diagrams are not typically included; may be supporting but not key element.
- ✗
Detailed financial budgets of the IT department
Why it's wrong here
Not relevant to risk assessment findings.
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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.