Free Shared Assessments CTPRP Exam Questions

Become Shared Assessments Certified with updated CTPRP exam questions and correct answers

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Total 126 Questions | Updated On: Mar 05, 2026

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Question 1

Which requirement is the MOST important for managing risk when the vendor contract terminates?

A : The responsibility to perform a financial review of outstanding invoices

B : The commitment to perform a final assessment based upon due diligence standards

C : The requirement to ensure secure data destruction and asset return

D : The obligation to define contract terms for transition services

Answer: C

Question 2

Which statement is FALSE regarding the primary factors in determining vendor risk classification?

A : The geographic area where the vendor is located may trigger specific regulatory obligations

B : The importance to the outsourcer-s recovery objectives may trigger a higher risk tier

C : The type and volume of personal data processed may trigger a higher risk rating based on the criticality of the systems

D : Network connectivity or remote access may trigger a higher vendor risk classification only for third parties that process personal information

Answer: D

Question 3

Which of the following BEST describes the distinction between a regulation and a standard?

A : A regulation must be adhered to by all companies subject to its requirements, but companies “can voluntarily choose to follow standards.

B : There is no distinction, regulations and standards are the same and have equal impact

C : Standards are always a subset of a regulation

D : A standard must be adhered to by companies based on the industry they are in, while regulations are voluntary.

Answer: A

Question 4

Which statement is TRUE regarding the use of questionnaires in third party risk assessments?

A : The total number of questions included in the questionnaire assigns the risk tier

B : Questionnaires are optional since reliance on contract terms is a sufficient control

C : Assessment questionnaires should be configured based on the risk rating and type of service being evaluated

D : All topic areas included in the questionnaire require validation during the assessment

Answer: C

Question 5

Which statement is TRUE regarding artifacts reviewed when assessing the Cardholder Data Environment (CDE) in payment card processing?

A : The Data Security Standards (DSS) framework should be used to scope the assessment

B : The Report on Compliance (ROC) provides the assessment results completed by a qualified security assessor that includes an onsite audit

C : The Self-Assessment Questionnaire (SAQ) provides independent testing of controls

D : A System and Organization Controls (SOC) report is sufficient if the report addresses the same location

Answer: B

Page: 1 / 26

Total 126 Questions | Updated On: Mar 05, 2026

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