Which of the following step is a critical part of risk assurance?

• A.Evaluation Context
• B.Establishing Context
• C.Communication and Consultations
• D.Monitoring and Review

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A risk management professional advises management on the status of key risks by

• A.annually identifying the inventory of risks.
• B.providing information about competitors' risk management plan.
• C.providing insights into the changing characteristics of a risk.
• D.summarizing internal audit reports.

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Risk management is systematic, structured, and timely.

• A.True
• B.False

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

• A.Providing assurance over threats
• B.Performing discrete audits in compliance with internal control
• C.Front office function providing leading indicators about risk

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Which of the following is an important aspect with stakeholders, customers, and interested parties is the essential element for maintaining the relevance of enhanced risk management within the structure of a changing context?

• A.Interviews
• B.Communication
• C.Brainstorming
• D.Session Storming

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