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Risk Management Quiz Exam for Android

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Key Details of Risk Management Quiz Exam

  • Risk Management Quiz Exam Key Features of this APP: At practice mode you can see the explanation describing the correct answer.
  • Last updated on 5/8/2020
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Risk Management Quiz Exam Key Features of this APP: At practice mode you can see the explanation describing the correct answer.

Risk Management Quiz Exam

Key Features of this APP:

At practice mode you can see the explanation describing the correct answer.

Real exam style full mock exam with timed interface

Ability to create own quick mock by choosing the number of MCQs.

You can create your profile and see your result history with just one click.

This app contains large number of question set that covers all syllabus area.

Risk management is the identification, assessment, and prioritization of risks (defined in ISO 31000 as the effect of uncertainty on objectives) followed by coordinated and economical application of resources to minimize, monitor, and control the probability and/or impact of unfortunate events[1] or to maximize the realization of opportunities. Risk managements objective is to assure uncertainty does not deflect the endeavor from the business goals.

Principles of risk management

The International Organization for Standardization (ISO) identifies the following principles of risk management:

Risk assessment is the determination of quantitative or qualitative estimate of risk related to a concrete situation and a recognized threat (also called hazard).

For audits performed by an outside audit firm, risk assessment is a crucial stage before accepting an audit engagement. According to ISA315 Understanding the Entity and its Environment and Assessing the Risks of Material Misstatement, "the auditor should perform risk assessment procedures to obtain an understanding of the entity and its environment, including its internal control.

Disclaimer:

This applications just is an excellent tool for self study and exam preparation. It's not affiliated with or endorsed by any testing organization, certificate, test name or trademark.


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