According to IIA guidance, which of the following statements is true regarding ISO 31000?

Question

Vageesh Shanmukha · Accepted Answer

The end point for improving an organization s approach to risk management should be a gap analysis that evaluates any changes.

Vageesh Shanmukha · Answer

The key principles approach checks whether each element of the risk management process is in place.

Vageesh Shanmukha · Answer

The framework is effective in addressing the organization's structure, size, and risk profile but not its culture objectives.

Vageesh Shanmukha · Answer

A combination of the three primary approaches to the framework generally yields the most information despite the complexity

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