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How much do you know about Enterprise Risk Management?
What is the accepted international risk management standard?
ISO21101
ISO31000
ISO21500
Typically the 3rd line of assurance is?
Internal audit
The risk management function
The legal advisors
Which of the following stages of the risk management process come first?
Risk analysis
Risk response
Risk identification
Which risk identification technique involves sending questionnaires to reach a group consensus?
Brainstorming
Delphi method
SWOT analysis
What does PESTLE stand for?
Political, Economic, Social, Technological, Legal, Environmental
Project, Enterprise, Strategic, Tactical, Loss, Exposure
People, Environment, Scientific, Technical, Legal, Economic
Which risk response strategy involves sharing the risk with another party?
Risk acceptance
Risk transfer
Risk avoidance
Which of the following is an example of an external risk?
Employee fraud
IT system failure
Political instability
What does an organisation’s ‘risk appetite’ refer to?
The maximum amount of risk it can be exposed to
The amount of risk it is currently exposed to
Its willingness to take risks
The UN’s sustainable development goals are most relevant to who?
Internal auditor
ESG manager
Business continuity manager
Which of the following is NOT a method of business continuity testing?
SWOT analysis
Tabletop exercise
Scenario planning
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