GAQM ISO 31000 - Certified Lead Risk Manager ISO-31000-CLA Dumps in PDF

Free GAQM ISO-31000-CLA Real Questions (page: 10)

New definition of risk under ISO 31000 and 31010 is:

  1. Danger that injury, damage, or loss will occur
  2. Possibility of investment loss
  3. Probability of loss to an insurer
  4. Probability of an event that will have an impact on objectives

Answer(s): D

Explanation:

According to ISO/IEC Guide73 (2009), clause 1., risk is defined as "the effect of uncertainty on objectives". This definition applies to both ISO/IEC Guide73 (2009) and ISO31000 (2018), which are standards for risk management terminology and principles respectively.



Causes of risk include all the following except:

  1. Health, safety and environment
  2. Finance
  3. Insurance
  4. Chemical breakdown

Answer(s): C

Explanation:

According to ISO/IEC Guide73 (2009), clause B., causes are "elements which alone or in combination have potential to give rise to risk". Health, safety, environment, finance and chemical breakdown are examples of causes that can create risks for an organization or an individual 1. Insurance is not a cause but a method of transferring or mitigating some types of risks 1.



Risk management as defined by OCEG GRC model is:

  1. Capability to set and evaluate performance against objectives
  2. Capability to proactively identify, assess and address uncertainty and potential obstacles to achieving objectives
  3. Capability to proactively encourage and ensure compliance with established policies and boundaries

Answer(s): B

Explanation:

According to 1, OCEG GRC model is "a framework for integrating governance, risk management,

compliance and ethics/culture into a single capability". It defines risk management as "the capability that enables an organization to understand how uncertainty affects its ability to achieve objectives" 2.



Which of the following is the current trend in auditing, risk management and compliance?

  1. Providing assurance over threats
  2. Performing discrete audits in compliance with internal control
  3. Front office function providing leading indicators about risk

Answer(s): C

Explanation:

According to 3, page 6, one of the current trends in auditing, risk management and compliance is "moving from a back-office function providing lagging indicators about risk (e.g., audit findings) to a front-office function providing leading indicators about risk (e.g., key risk indicators)".



Which risk is sometimes called `retained risk.'?

  1. Residual risk
  2. Conceptualize risk
  3. Analytical risk
  4. Procedural risk

Answer(s): A

Explanation:

According to ISO/IEC Guide73 (2009), clause B., residual risk is "the level of remaining after controls have been applied". It is sometimes called `retained risk' because it represents the amount of risk that an organization decides to accept or retain after implementing its mitigation strategies 3.



Which of the following statements does not apply to ISO 31000?

  1. It is the first standard issued by ISO for risk management
  2. It can be used by any organization regardless of its size, activity or sector
  3. It can be used for certification purposes

Answer(s): C

Explanation:

According to ISO31000 (2018), clause 1., it is "not intended for certification purposes". It provides guidance on how organizations can manage their risks effectively using a systematic approach based on principles, framework and process 3.



Who is expected to take a more focused oversight role with respect to risk management control and governance process?

  1. Internal auditors
  2. External auditors
  3. Audit committee
  4. None of the above

Answer(s): A

Explanation:

According to 3, page 7, one of the current trends in auditing, risk management and compliance is "increasing expectations for internal auditors to take a more focused oversight role with respect to enterprise-wide governance processes". Internal auditors can provide independent assurance on how well an organization manages its risks using various tools such as audits, reviews, assessments and evaluations.



Where does an internal auditor typically spend most of his time auditing today?

  1. People
  2. Process
  3. Technology
  4. Infrastructure

Answer(s): B

Explanation:

According to , page 9, one of the current trends in auditing, risk management and compliance is "shifting from auditing people to auditing processes". This means that internal auditors focus more on how well an organization's processes are designed and implemented to achieve its objectives and manage its risks.



Share your comments for GAQM ISO-31000-CLA exam with other users:

R
Rahul
8/8/2023 9:40:00 PM

i need the pdf, please.

C
CW
7/11/2023 2:51:00 PM

a good source for exam preparation

A
Anchal
10/23/2023 4:01:00 PM

nice questions

J
J Nunes
9/29/2023 8:19:00 AM

i need ielts general training audio guide questions

A
Ananya
9/14/2023 5:16:00 AM

please make this content available

S
Swathi
6/4/2023 2:18:00 PM

content is good

L
Leo
7/29/2023 8:45:00 AM

latest dumps please

L
Laolu
2/15/2023 11:04:00 PM

aside from pdf the test engine software is helpful. the interface is user-friendly and intuitive, making it easy to navigate and find the questions.

Z
Zaynik
9/17/2023 5:36:00 AM

questions and options are correct, but the answers are wrong sometimes. so please check twice or refer some other platform for the right answer

M
Massam
6/11/2022 5:55:00 PM

90% of questions was there but i failed the exam, i marked the answers as per the guide but looks like they are not accurate , if not i would have passed the exam given that i saw about 45 of 50 questions from dump

A
Anonymous
12/27/2023 12:47:00 AM

answer to this question "what administrative safeguards should be implemented to protect the collected data while in use by manasa and her product management team? " it should be (c) for the following reasons: this administrative safeguard involves controlling access to collected data by ensuring that only individuals who need the data for their job responsibilities have access to it. this helps minimize the risk of unauthorized access and potential misuse of sensitive information. while other options such as (a) documenting data flows and (b) conducting a privacy impact assessment (pia) are important steps in data protection, implementing a "need to know" access policy directly addresses the issue of protecting data while in use by limiting access to those who require it for legitimate purposes. (d) is not directly related to safeguarding data during use; it focuses on data transfers and location.

J
Japles
5/23/2023 9:46:00 PM

password lockout being the correct answer for question 37 does not make sense. it should be geofencing.

F
Faritha
8/10/2023 6:00:00 PM

for question 4, the righr answer is :recover automatically from failures

A
Anonymous
9/14/2023 4:27:00 AM

question number 4s answer is 3, option c. i

P
p das
12/7/2023 11:41:00 PM

very good questions

A
Anna
1/5/2024 1:12:00 AM

i am confused about the answers to the questions. are the answers correct?

B
Bhavya
9/13/2023 10:15:00 AM

very usefull

R
Rahul Kumar
8/31/2023 12:30:00 PM

need certification.

D
Diran Ole
9/17/2023 5:15:00 PM

great exam prep

V
Venkata Subbarao Bandaru
6/24/2023 8:45:00 AM

i require dump

D
D
7/15/2023 1:38:00 AM

good morning, could you please upload this exam again,

A
Ann
9/15/2023 5:39:00 PM

hi can you please upload the dumps for sap contingent module. thanks

S
Sridhar
1/16/2024 9:19:00 PM

good questions

S
Summer
10/4/2023 9:57:00 PM

looking forward to the real exam

V
vv
12/2/2023 2:45:00 PM

good ones for exam preparation

D
Danny Zas
9/15/2023 4:45:00 AM

this is a good experience

S
SM 1211
10/12/2023 10:06:00 PM

hi everyone

A
A
10/2/2023 6:08:00 PM

waiting for the dump. please upload.

A
Anonymous
7/16/2023 11:05:00 AM

upload cks exam questions

J
Johan
12/13/2023 8:16:00 AM

awesome training material

P
PC
7/28/2023 3:49:00 PM

where is dump

Y
YoloStar Yoloing
10/22/2023 9:58:00 PM

q. 289 - the correct answer should be b not d, since the question asks for the most secure way to provide access to a s3 bucket (a single one), and by principle of the least privilege you should not be giving access to all buckets.

Z
Zelalem Nega
5/14/2023 12:45:00 PM

please i need if possible h12-831,

U
unknown-R
11/23/2023 7:36:00 AM

good collection of questions and solution for pl500 certification

AI Tutor 👋 I’m here to help!