Risk And Compliance Practice Questions - Governance Institute Of Australia - Risk And Compliance Postgraduate Subject Exam

Under ISO 31000:2018, how should the risk management framework be customized to ensure its effectiveness?

By copying the risk frameworks of leading industry competitors verbatim By outsourcing all risk identification and assessment to external consultants By focusing exclusively on compliance with federal and state regulations By aligning the framework with the organization's external and internal context and its objectives

Correct Answer:

By aligning the framework with the organization's external and internal context and its objectives

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