CRISC Certified in Risk and Information Systems Control – Question020

Which of the following is NOT true for risk management capability maturity level 1?

A. There is an understanding that risk is important and needs to be managed, but it is viewed as a technical issue and the business primarily considers the downside of IT risk
B. Decisions involving risk lack credible information
C. Risk appetite and tolerance are applied only during episodic risk assessments
D. Risk management skills exist on an ad hoc basis, but are not actively developed

Correct Answer: B

Explanation:

Explanation:
The enterprise with risk management capability maturity level 0 makes decisions without having much knowledge about the risk credible information. In level 1, enterprise takes decisions on the basis of risk credible information.
Incorrect Answers: A, C, D: An enterprise’s risk management capability maturity level is 1 when:

  • There is an understanding that risk is important and needs to be managed, but it is viewed as a technical issue and the business primarily considers the downside of IT risk.
  • Any risk identification criteria vary widely across the enterprise.
  • Risk appetite and tolerance are applied only during episodic risk assessments.
  • Enterprise risk policies and standards are incomplete and/or reflect only external requirements and lack defensible rationale and enforcement mechanisms.
  • Risk management skills exist on an ad hoc basis, but are not actively developed.
  • Ad hoc inventories of controls that are unrelated to risk are dispersed across desktop applications.