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IIA Exam IIA-CHAL-QISA Topic 2 Question 10 Discussion

Actual exam question for IIA's IIA-CHAL-QISA exam
Question #: 10
Topic #: 2
[All IIA-CHAL-QISA Questions]

Applying ISO 31000; which of the following is part of the external context for risk management?

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Suggested Answer: C

ISO 31000 Context: ISO 31000 provides guidelines on risk management, emphasizing the importance of understanding the external context.

External Context: This includes external factors such as regulatory and competitive environments that can impact the organization's risk profile.

Regulatory Environment: Understanding regulations helps the organization ensure compliance and avoid legal risks.

Competitive Environment: Analyzing the competitive environment allows the organization to anticipate market changes and manage competitive risks.


ISO 31000 Risk Management Guidelines.

by Nettie at Aug 22, 2024, 02:33 PM

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Colton
7 months ago
I think the risk treatment method based on risk evaluation is part of the external context as well.
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Gayla
7 months ago
You know, I heard the exam committee likes to throw in some real curveballs, but this one's a no-brainer. C is the way to go - the regulatory and competitive environment is the external context we're looking for here.
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Launa
7 months ago
I believe it also includes organizational culture, objectives, and processes.
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Portia
7 months ago
Haha, risk treatment method based on risk evaluation? What is this, a trick question? Clearly, the external context is the regulatory and competitive environment. C is the way to go, my friends.
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Peter
6 months ago
I see your point, but I still think C is the best choice. The regulatory and competitive environment have a significant influence on risk management.
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Fidelia
6 months ago
I'm not so sure, I think B could also be part of the external context. Organizational culture, objectives, and processes can also impact risk management.
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Audra
6 months ago
Yeah, I think you're right. It makes sense that external factors like regulations and competition would play a role in risk management.
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Valentin
7 months ago
I agree, C is the correct answer. The regulatory and competitive environment is definitely part of the external context for risk management.
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Teri
7 months ago
I agree with Lashawn, the external context definitely involves the regulatory and competitive environment.
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Raina
7 months ago
B seems a bit too generic, don't you think? The external context should be something more specific, like C - the regulatory and competitive environment.
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Myra
7 months ago
Yes, C is definitely more relevant to the external context for risk management.
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Raina
7 months ago
I agree, B does seem generic. C - the regulatory and competitive environment, is more specific.
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Chantell
7 months ago
The regulatory and competitive environment? Duh, that's like the first thing you learn in Risk Management 101. C is the obvious choice here.
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Caprice
7 months ago
Yeah, the regulatory and competitive environment plays a huge role in determining the risks a company faces. It's crucial to consider it in the risk management process.
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Hildegarde
7 months ago
I agree, C is definitely the correct choice. It's all about understanding the external factors that can impact risk management.
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Lashawn
7 months ago
I think the external context includes the regulatory and competitive environment.
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