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IIA Exam IIA-CHAL-QISA Topic 2 Question 20 Discussion

Actual exam question for IIA's IIA-CHAL-QISA exam
Question #: 20
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 Maxima at Jan 13, 2025, 08:20 AM

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Bette
5 days ago
Wow, these options are really making me question my own sanity. But hey, at least it's not a question about the risk treatment method, right? That would be a real head-scratcher.
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Floyd
6 days ago
The regulatory and competitive environment? Duh, that's the obvious choice. I could pass this exam in my sleep.
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Horace
7 days ago
Risk treatment method based on risk evaluation? Seriously? That's not even close to the external context. Come on, people!
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Mariko
10 days ago
The method of determining the risk level? What kind of ISO 31000 question is that? Clearly, it's the external context.
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Kristofer
16 days ago
Organizational culture, objectives, and processes? Nah, that's the internal context. Gotta go with C on this one.
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Tawna
30 days ago
I believe organizational culture, objectives, and processes are also important factors to consider in the external context for risk management.
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Katina
1 months ago
I agree with you, Hillary. The regulatory and competitive environment definitely plays a crucial role in risk management.
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Hillary
1 months ago
I think the external context for risk management includes the regulatory and competitive environment.
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Tina
1 months ago
The regulatory and competitive environment? That's a no-brainer! This question is too easy.
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Keith
12 days ago
D) The method of determining the risk level
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Hyun
21 days ago
C) The regulatory and competitive environment.
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Zita
30 days ago
B) Organizational culture, objectives, and processes.
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Malcom
1 months ago
A) Risk treatment method based on risk evaluation.
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