CA ANZ Core 2 Risk, Technology And AI Practice Questions - CA Program Core 2 Risk, Technology And Artificial Intelligence (CACC2501) Exam

ISO 31000:2018 defines risk as the effect of uncertainty on objectives. Which statement best reflects this definition?

Risk is the probability of fraud occurring within an organisation Risk is always a negative event that causes financial loss Risk is a deviation from the expected, which can be positive, negative or both Risk only exists where there is a regulatory requirement to report it

Correct Answer:

Risk is a deviation from the expected, which can be positive, negative or both

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