ISO-IEC-27001-Foundation Exam Dumps : ISO/IEC 27001 (2022) Foundation Exam

Clause 6.1.2 (Information security risk assessment) requires organizations to “define and apply an information security risk assessment process that… establishes and maintains information security risk criteria, including criteria for accepting risk.”

This means that acceptable levels of risk (risk acceptance criteria) must be explicitly defined. These criteria ensure consistent decision-making when evaluating whether identified risks need further treatment or can be tolerated.

Option A is incorrect because exclusions relate to the ISMS scope (Clause 4.3), not risk assessment planning. Option B is not a requirement; effectiveness of risk assessment methods is not required to be measured, though methods must be applied consistently. Option D is false—the standard clearly specifies required elements for risk assessment.

Thus, the correct answer isC: The criteria for acceptable levels of risk.

Comprehensive and Detailed Explanation From Exact Extract ISO/IEC 27005 standards:

ISO/IEC 27005:2022 is titled:

“Information security, cybersecurity and privacy protection — Guidance on managing information security risks.”

This standard provides structured methodologies for identifying, analyzing, evaluating, and treating risks, in alignment with ISO/IEC 27001’s risk management requirements (Clause 6.1.2 and 6.1.3). It supports organizations in implementing the risk management process that underpins an ISMS. Options A and B are titles of other ISO standards (ISO/IEC 27007 for auditing, ISO/IEC 27001 for requirements). Option D refers to ISO/IEC 27002 (controls).

Thus, the correct answer isC: Guidance on managing information security risks.

Comprehensive and Detailed Explanation From Exact Extract ISO/IEC 27000 standards:

ISO/IEC 27000 defines:

Risk analysis: “process to comprehend the nature of risk and to determine the level of risk” (Clause 3.58).

Risk assessment: the overall process of risk identification, risk analysis, and risk evaluation.

Risk evaluation: compares results of risk analysis against risk criteria to determine priority.

Risk management: coordinated activities to direct and control an organization with regard to risk.

Therefore, the missing word in the given definition is“analysis”.

This is important for ISMS implementation: organizations must understand the distinctions. Risk analysis is the core technical evaluation stage, while assessment is the broader process including evaluation, and management refers to the overall governance of risks.

Thus, the correct verified answer isB: Analysis.