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Isaca CRISC Exam - Topic 1 Question 79 Discussion

Actual exam question for Isaca's CRISC exam
Question #: 79
Topic #: 1
[All CRISC Questions]

Which of the following elements of a risk register is MOST likely to change as a result of change in management's risk appetite?

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Suggested Answer: A

by Myra at Jul 10, 2024, 07:19 AM

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Reed
4 months ago
Not so sure about that, seems like inherent risk could shift too.
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Rochell
5 months ago
Totally agree, KRI thresholds are the most flexible.
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Ria
5 months ago
Surprised that people think KRI is the main one!
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Hubert
5 months ago
I think it's more about risk likelihood and impact.
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Alyce
5 months ago
KRI thresholds definitely change with risk appetite.
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Leonor
6 months ago
Risk velocity sounds familiar, but I can't recall if it really shifts with management's appetite. I guess it could be related?
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Brynn
6 months ago
I feel like inherent risk is more about the nature of the risk itself, so it probably wouldn't change with appetite.
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Valentin
6 months ago
I remember practicing a question about risk likelihood and impact, and it seems like that could also be affected by how management views risk.
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Mireya
6 months ago
I think the KRI thresholds might change with management's risk appetite, but I'm not entirely sure.
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Lai
6 months ago
Okay, I think I've got this. If management's risk appetite changes, the key risk indicator thresholds would likely need to be adjusted to reflect the new appetite. That's the element that's most directly tied to risk appetite.
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Laticia
6 months ago
Hmm, I'm a bit unsure about this. I know risk appetite is important, but I'm not sure which specific element it would most likely impact. I'll have to review my notes on risk registers.
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Allene
6 months ago
This seems like a tricky one. I'll need to think carefully about how changes in risk appetite could impact the different elements of the risk register.
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Nikita
6 months ago
I'm pretty confident on this one. The key risk indicator thresholds are the most sensitive to changes in risk appetite, since they define the boundaries of what's considered acceptable risk. The other elements are more static in comparison.
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Tyisha
6 months ago
I've got this! The key is to focus on the 10% thresholds for both revenue and assets. Let me work through the numbers and identify the reportable segments.
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Joye
6 months ago
Hmm, this seems like a tricky one. I'm a bit confused about the difference between the running, saved, and editing configuration versions. I'll need to review my notes on configuration management to make sure I understand the implications of the save-config command.
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Penney
11 months ago
Hmm, let's see... the element most likely to change is the one that's the most fun to play with, like a risk yo-yo. My money's on 'Risk velocity' - because who doesn't love a good old-fashioned game of 'How Fast Can We Spin This Risk?'
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Donette
11 months ago
I'm pretty sure the answer is 'All of the above' - because management's risk appetite changes as often as the weather, and we're expected to keep up with it like professional weather forecasters!
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Myrtie
10 months ago
Agreed, staying on top of changes in risk appetite is crucial for effective risk management.
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Yolande
10 months ago
Yes, it's important to regularly review and update the risk register to reflect any changes in management's risk appetite.
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Fannie
10 months ago
I think you're right, management's risk appetite can definitely impact all elements of the risk register.
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Miss
11 months ago
A. Key risk indicator (KRI) thresholds are the most likely to change, as they are designed to align with the organization's risk appetite. If the appetite changes, the KRI thresholds will need to be adjusted accordingly.
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Cordelia
10 months ago
Adjusting KRI thresholds ensures that risks are being monitored effectively.
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Tesha
10 months ago
It's important to regularly review and update them to reflect the current appetite.
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Ozell
11 months ago
KRI thresholds are definitely impacted by changes in risk appetite.
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Noel
11 months ago
B. Inherent risk is the most likely to change, as it reflects the level of risk before any controls or mitigations are in place. Management's risk appetite can significantly impact the inherent risk assessment.
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Lou
11 months ago
Management's risk appetite can impact the inherent risk assessment.
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Detra
11 months ago
It reflects the level of risk before any controls are in place.
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Cherelle
11 months ago
Inherent risk is the most likely to change.
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Frederic
11 months ago
D. Risk velocity is the most likely to change as a result of changes in management's risk appetite. The speed at which risks can materialize is closely tied to the organization's willingness to accept certain levels of risk.
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Mammie
12 months ago
I think the answer is C. Risk likelihood and impact are directly tied to the organization's risk appetite, which can change over time based on management's priorities.
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Silva
12 months ago
But what about the Key risk indicator (KRI) thresholds? Wouldn't those also change based on management's risk appetite?
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Alton
1 year ago
I agree with Nida, because management's risk appetite would affect how they perceive the likelihood and impact of risks.
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Nida
1 year ago
I think the risk likelihood and impact would change.
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