06 Risk Management Standards Quiz

Which risk management standard was developed by the standards body in Australia in 1995?

• British Standard BS 31100

• IRM Standard

• COSO ERM framework

• ISO 31000

What is the acronym used to explain the scope of the risk management framework?

• PIML

• CoCo

• RASP

• PDCA

Which risk management standard emphasizes the requirement for a risk management framework to support the risk management process?

• ISO 31000

• COSO ERM framework

• British Standard BS 31100

• IRM Standard

What is the main focus of the COSO ERM cube framework?

• Reporting

• Operations

• Strategic objectives

• Compliance

Which organization published the ISO 31000 risk management standard?

• Canadian Institute of Chartered Accountants

• UK Office of Government Commerce

• International Standards Organization

• Association of Project Management

What is the basis of the US standard ASIS SPC.1-2009 Organizational Resilience: Security, Preparedness and Continuity Management Systems?

• RASP

• CoCo

• PDCA

• PIML

Which risk management standard was withdrawn in 2009 in favor of ISO 31000?

• COSO ERM framework

• British Standard BS 31100

• IRM Standard

• Australian Standard AS 4360

What is the acronym used to describe the key features of a risk management framework?

• CoCo

• PDCA

• PIML

• RASP

What is the main emphasis of the UK Corporate Governance Code?

• Reporting

• Risk management

• Internal control

• Compliance