CRISC - Risk Response and Reporting - Section 3.2

Develop risk treatment plans that assign actions, resources and timelines to bring risk within tolerance.

Develop risk treatment plans that assign a risk owner, define remediation timelines, and allocate the resources required to bring residual risk within tolerance. Distinguish a treatment plan from a simple action list by its accountability structure and formal acceptance milestones.

Risk treatment planAction planRisk ownerRemediation timeline

Practice question for this objective

Free sampleRisk Response and Reportingmedium

After treatment, a residual risk on a customer billing system still sits slightly above the documented tolerance threshold. The control owner proposes to formally accept the remaining exposure. How should the risk practitioner respond to this proposal?

  • AAllow the control owner to accept the exposure, because the control owner understands the control best and can judge whether it is sufficient
  • BRecord the control owner acceptance and close the item, because the residual figure exceeds tolerance only by a slim and immaterial margin
  • CAccept the residual risk personally on behalf of the organisation, because the practitioner has the clearest independent view of the exposure
  • DEscalate the decision to the risk owner, because accepting residual risk above tolerance rests with the accountable owner, not the control owner Correct
Route acceptance of residual risk above tolerance to the accountable risk owner, since a control owner lacks authority to accept it. Accepting residual risk is an exercise of risk ownership authority because it commits the organisation to live with the remaining exposure. A control owner is accountable only for control operation, so when residual risk exceeds tolerance the practitioner escalates the acceptance decision to the risk owner who can be held accountable for it.

Why A is wrong: Knowing the control well is useful, but operating a control does not grant authority to accept residual exposure that exceeds the agreed tolerance.

Why B is wrong: A small breach still breaches tolerance, and closing on a margin judgement bypasses the proper acceptance authority and leaves the decision undocumented by the owner.

Why C is wrong: Independence is the practitioner role, so accepting risk personally would breach that independence and assume an accountability the practitioner does not hold.

Why D is correct: Residual risk acceptance is a risk ownership decision, so a control owner cannot formally accept it, and the practitioner routes the choice to the accountable risk owner.

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