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Exam CRISC topic 1 question 617 discussion

Actual exam question from Isaca's CRISC
Question #: 617
Topic #: 1
[All CRISC Questions]

Which of the following is the PRIMARY reason for a risk practitioner to use global standards related to risk management?

  • A. To continuously improve risk management processes
  • B. To build an organizational risk-aware culture
  • C. To comply with legal and regulatory requirements
  • D. To identify gaps in risk management practices
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Suggested Answer: A 🗳️

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01010100
10 months, 1 week ago
Selected Answer: D
D. To identify gaps in risk management practices Explanation: Global standards related to risk management, such as ISO 31000, provide best practices and standardized approaches to managing risk. These standards offer a benchmark for organizations to measure their current risk management practices against recognized and accepted practices. The primary reason to use these standards is to identify and address any gaps or shortcomings in an organization's current risk management practices.
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Staanlee
11 months ago
Selected Answer: A
A. To continuously improve risk management processes. The primary reason for a risk practitioner to use global standards related to risk management is "A. To continuously improve risk management processes." Global standards provide a structured and widely accepted framework for risk management practices. By following these standards, organizations can ensure that their risk management processes are aligned with best practices and are continually refined and improved over time. While the other options (building an organizational risk-aware culture, complying with legal and regulatory requirements, identifying gaps in risk management practices) are also important considerations, the use of global standards primarily aims to provide organizations with a solid foundation for effective and efficient risk management practices, leading to ongoing improvement and alignment with industry best practices.
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Koulyo
1 year, 3 months ago
so one cant continuously improve RM unless one adopts a Global Standard?? often time its because of local regulatory requirements.
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CbtL
1 year, 3 months ago
Selected Answer: A
Agree it is A.
upvoted 1 times
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SkipC
1 year, 8 months ago
A. Seems the best answer.
upvoted 2 times
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