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GAQM ISO-31000-CLA Exam - Topic 7 Question 12 Discussion

Which of the following step is a critical part of risk assurance?
B) Establishing Context
A) Evaluation Context
C) Communication and Consultations
D) Monitoring and Review

GAQM ISO-31000-CLA Exam - Topic 7 Question 12 Discussion

Actual exam question for GAQM's ISO-31000-CLA exam
Question #: 12
Topic #: 7
[All ISO-31000-CLA Questions]

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

Show Suggested Answer Hide Answer
Suggested Answer: B

Residual risk is the type of risk that remains after risk treatment has been applied1. Residual risk reflects the remaining exposure or uncertainty after taking into account existing controls.


by Adela at Mar 18, 2025, 11:28 PM

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Linette
8 months ago
Wait, is Monitoring and Review really that critical?
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Providencia
9 months ago
I think Communication and Consultations are just as important.
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Ashanti
9 months ago
Totally agree, Evaluation Context sets the stage!
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Earleen
9 months ago
Not sure about that, seems like all steps matter equally.
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Margart
9 months ago
Establishing Context is key!
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Shaun
10 months ago
Evaluation context sounds familiar, but I thought it was more about assessing risks rather than being a critical step in assurance.
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Elfrieda
10 months ago
I feel like monitoring and review are essential, but I might be mixing it up with project management concepts.
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Walton
10 months ago
I remember a practice question that emphasized communication and consultations, but I can't recall if it was specifically about risk assurance.
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Mila
10 months ago
I think establishing context is really important, but I'm not entirely sure if it's the most critical part.
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Royal
10 months ago
I'm leaning towards A. Evaluation Context. Properly evaluating the context and setting of the risk assessment seems crucial to me. But I could see arguments for a few of these options.
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Beckie
11 months ago
Communication and Consultations (C) seems like a key part of the risk assurance process. You need to collaborate with stakeholders and get their input to effectively identify and address risks.
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Tommy
11 months ago
Hmm, I'm a bit unsure on this one. I think it could also be D. Monitoring and Review, since that's an important step to ensure risks are being properly managed over time. I'll have to think this through carefully.
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Dana
11 months ago
I'm pretty sure the answer is B. Establishing Context seems like a critical part of risk assurance, as you need to understand the context and environment before you can properly assess and manage risks.
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Marva
1 year ago
I vote for E) Throwing a dart at the answer choices. At least that's a more scientific approach than guessing.
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Laurene
1 year ago
D) Monitoring and Review
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Elza
1 year ago
C) Communication and Consultations
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Matthew
1 year ago
B) Establishing Context
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Charlene
1 year ago
A) Evaluation Context
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Alona
1 year ago
A) Evaluation Context? Really? That's like trying to solve a puzzle without the picture on the box.
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Valentine
1 year ago
C) Communication and Consultations help ensure all stakeholders are on the same page.
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Ruth
1 year ago
B) Establishing Context is crucial for understanding the risks involved.
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Felicitas
1 year ago
C) Communication and Consultations, for sure. You can't do risk assurance in a vacuum - you need input from stakeholders.
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Thad
1 year ago
I'm going with D) Monitoring and Review. Continuously tracking the risks and making adjustments is key to assurance.
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Gail
1 year ago
Establishing Context with B) is also necessary to set the foundation for risk assurance.
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Lanie
1 year ago
C) Communication and Consultations is essential for ensuring everyone is on the same page.
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Keshia
1 year ago
I think A) Evaluation Context is also important to understand the risks properly.
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Rodolfo
1 year ago
I agree, D) Monitoring and Review is crucial for risk assurance.
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Jules
1 year ago
I think B) Establishing Context is the critical step here. You need to define the parameters of the risk assessment before you can evaluate anything.
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Millie
1 year ago
Monitoring and review is also important to ensure risks are continuously managed.
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Eun
1 year ago
I agree with Ivette, without a clear context, it's hard to assess risks properly.
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Ivette
1 year ago
I think establishing context is critical for risk assurance.
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