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GAQM ISO-31000-CLA Exam - Topic 2 Question 19 Discussion

What could a financial organisation make primary use of, to assess whether its risk management systems are likely to fail?
B) Key risk indicators.
A) Key control indicators.
C) Silo-based risk management.
D) Physical inspections.

GAQM ISO-31000-CLA Exam - Topic 2 Question 19 Discussion

Actual exam question for GAQM's ISO-31000-CLA exam
Question #: 19
Topic #: 2
[All ISO-31000-CLA Questions]

What could a financial organisation make primary use of, to assess whether its risk management systems are likely to fail?

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Suggested Answer: B

Key risk indicators are metrics that provide information about potential changes in the level of risk exposure3. They can help an organisation monitor and manage its risks more effectively.Key control indicators are metrics that measure the performance of internal controls4.


by Peggy at Aug 19, 2025, 12:17 AM

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Dong
7 months ago
Surprised that people think anything other than key risk indicators would work!
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Hannah
7 months ago
Silo-based risk management? That's outdated!
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Ressie
7 months ago
I disagree, key control indicators are more relevant.
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Britt
7 months ago
Wait, physical inspections? Really?
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Marya
8 months ago
Definitely key risk indicators!
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Dorothy
8 months ago
Physical inspections seem too hands-on for this question. I feel like the answer has to be more about data-driven metrics, like key risk indicators.
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Andra
8 months ago
I'm leaning towards key risk indicators too, but I wonder if silo-based risk management could play a role in assessing failures. It seems relevant somehow.
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Lakeesha
8 months ago
I remember practicing a question similar to this, and I think key control indicators were mentioned as well. But I feel like they focus more on controls than on actual risks.
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Colene
9 months ago
I think key risk indicators might be the right choice here, but I'm not entirely sure. We discussed them in class as a way to measure potential risks.
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Geraldo
9 months ago
I'm a little confused by the wording of the question. Is it asking about the specific tools or metrics they would use, or the overall approach to risk management? I want to make sure I understand the question fully before answering.
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Oretha
9 months ago
Okay, I've got this. The question is asking about the primary tool a financial organization would use to assess their risk management systems. Based on what we've learned, the answer has to be key risk indicators.
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Louvenia
9 months ago
Hmm, I'm a bit unsure about this one. I know we covered risk management in class, but I can't quite remember the specific terminology they're looking for. I'll have to think this through carefully.
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Dahlia
9 months ago
This seems like a straightforward question about risk management. I think the key is to focus on the indicators that would help assess the likelihood of the risk management systems failing.
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Leatha
10 months ago
B) Key risk indicators. Duh, that's the obvious choice to assess risk management systems. What is this, a trick question?
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Annmarie
10 months ago
I think a financial organisation could make primary use of key risk indicators.
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