GAQM ISO-31000-CLA Exam - Topic 4 Question 14 Discussion

Actual exam question for GAQM's ISO-31000-CLA exam

Question #: 14
Topic #: 4

[All ISO-31000-CLA Questions]

Understanding the potential causes of risk events will primarily help an organisation to

Acomply with corporate governance standards.

Beliminate all risks

Cimprove internal audit procedures.

Dreduce the frequency of loss.

Show Suggested Answer

Suggested Answer: D

Understanding the potential causes of risk events will primarily help an organisation to reduce the frequency of loss. This is because identifying and analysing the sources and drivers of risks can enable an organisation to implement preventive or mitigating measures.

by An at May 01, 2025, 11:39 AM

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Art

2 months ago

Surprised that some think risks can be fully eliminated!

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Rolande

2 months ago

Compliance is key, but it’s not the only benefit.

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Ryann

2 months ago

Wait, can we really eliminate all risks?

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Elza

3 months ago

Totally agree, it’s all about minimizing frequency!

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Tegan

3 months ago

Understanding risks helps reduce losses.

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Denna

3 months ago

I’m a bit confused; I thought improving internal audits was more about identifying risks rather than understanding their causes.

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Ernie

3 months ago

I’m leaning towards option D because it seems to align with what we studied about risk management strategies.

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Tanja

4 months ago

I remember a practice question that emphasized compliance with governance standards, but I feel like that's not the only benefit.

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Skye

4 months ago

I think understanding risk causes helps in reducing losses, but I'm not entirely sure if that's the main focus.

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Long

4 months ago

This is a good question to test our knowledge of risk management principles. I'm confident I can apply what I've learned to select the best answer.

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Michal

4 months ago

I'm a bit confused by the wording of the question. I'll need to re-read it a few times to make sure I understand what they're asking.

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Krissy

4 months ago

Okay, I've got this. Identifying risk causes will help the organization reduce the frequency of losses, which is the correct answer here.

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Glenn

5 months ago

Hmm, I'm a bit unsure about this one. I'll need to think carefully about the different options and how they relate to managing risks.

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Cherri

5 months ago

This seems like a straightforward question about risk management. I'll focus on understanding how identifying potential causes of risks can help the organization.

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Tegan

8 months ago

Complying with corporate governance standards is important too, to maintain trust and credibility.

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Reena

9 months ago

Haha, eliminating all risks? That's like asking a dragon to stop breathing fire. Gotta go with D, reducing losses is the name of the game.

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Art

8 months ago

D) reduce the frequency of loss.

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Nell

8 months ago

A) comply with corporate governance standards.

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Norah

9 months ago

I believe it will also help improve internal audit procedures, ensuring better risk management.

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Xuan

9 months ago

I agree with Evangelina, reducing the frequency of loss is crucial for the success of any organisation.

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Alyce

10 months ago

A and C are good options, but I think D is the best choice. Knowing what can go wrong is key to preventing it from happening.

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Sherita

8 months ago

True, understanding the causes of risk events is essential for reducing loss.

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Sherron

8 months ago

But A and C are also crucial for overall risk management.

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Vallie

9 months ago

I agree, D is important for preventing loss.

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Evangelina

10 months ago

I think understanding potential causes of risk events will help an organisation to reduce the frequency of loss.

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Caren

10 months ago

I'd go with D. Understanding risks helps organizations plan and prepare for potential events, which in turn reduces the frequency of losses.

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Colene

8 months ago

D) reduce the frequency of loss.

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Martha

9 months ago

B) eliminate all risks

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Destiny

9 months ago

A) comply with corporate governance standards.

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Lenna

10 months ago

Reducing the frequency of loss seems like the obvious answer here. Identifying potential risks can only help minimize the impact, not eliminate them completely.

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