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

Actual exam question for IIA's IIA-CHAL-QISA exam

Question #: 20
Topic #: 2

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

ARisk treatment method based on risk evaluation.

BOrganizational culture, objectives, and processes.

CThe regulatory and competitive environment.

DThe method of determining the risk level

Show Suggested Answer

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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1 days ago

I think the external context for risk management includes the regulatory and competitive environment.

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8 days ago

The regulatory and competitive environment? That's a no-brainer! This question is too easy.

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