ISO 31000 – NBC Institute

CSME – May 2017 – L2 – SC – Q5 – Risk Management and Corporate Strategy

Show how organizations can address risk management challenges using ISO 31000.

Question

a. Using the ISO 31000 framework, show what an organization might do to address risk management challenges. (9 Marks)

b. Explain THREE main elements of risk management contained in the ISO 31000 framework. (6 Marks)

Answer

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Tags: ISO 31000, Organizational Risk, Risk Control, Risk Management, Risk Management Framework
Level: Level 2

Topic: Risk Management and Corporate Strategy
Series: MAY 2017

CSME – Nov 2016 – L2 – Q4a – Risk Management and Corporate Strategy

Present on ISO 31000 framework and the role of the board in risk management for a newly listed company on the Nigerian Stock Exchange.

Question

The board of directors of a company, recently listed on the Nigerian Stock
Exchange, has just resolved to put in place a robust enterprise-wide risk
management framework to ensure consistency in the approach to risk
management across the firm. This will include introducing the ISO 31000
framework for risk management to ensure international best practices in risk
management.

Required:
Draft a presentation to the board of directors on:

i) Key elements of ISO 31000 framework (6 Marks)
ii) The role of the board of directors and management in risk management (9 Marks)

Answer

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Tags: Board of Directors, Corporate Governance, ISO 31000, Risk Management
Level: Level 2

Topic: Risk Management and Corporate Strategy
Series: NOV 2016

CSME – Nov 2020 – L2 – Q2 – Risk Management and Corporate Strategy

Recommend a universally accepted risk management framework and discuss its elements and techniques for Global Masters Plc.

Question

Global Masters Plc. is a multinational corporation operating in numerous industries in many jurisdictions. The company had adopted different frameworks for managing risks in different jurisdictions over the years. This had made reporting on risk management difficult.

The board of Global Masters Plc. resolved to harmonise these various frameworks into a framework which has universal acceptance. The board therefore engaged your firm of risk experts to carry out the harmonisation process.

Required:

a. Recommend a universally acceptable framework which is also applicable in the various industries in which Global Masters Plc. operates. Justify your recommendation. (3 Marks)

b. Discuss the elements of the framework. (6 Marks)

c. Discuss the techniques to be adopted in implementing the framework. (11 Marks)

Answer

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Tags: ISO 31000, Risk Architecture, Risk Framework, Risk Strategy
Level: Level 2

Topic: Risk Management and Corporate Strategy
Series: NOV 2020

CSME – Nov 2021 – L2 – Q2 – Risk Management and Corporate Strategy

Provide advice on the nature and role of the risk committee and elements of ISO 31000 for XYZ Limited.

Question

XYZ Limited is a company seeking to meet regulatory requirements for listing on the Nigeria Stock Exchange. As such, the company wants to make several changes in its risk management system.

Required:
You have been contracted to provide advice on:
a. The nature and role of the risk committee. (8 Marks)
b. The elements of the ISO 31000 risk management framework, including the 7Rs and 4Ts of implementing an enterprise-wide risk management system. (12 Marks)

Answer

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Tags: Enterprise Risk Management, ISO 31000, Risk Committee, Risk Management
Level: Level 2

Topic: Risk Management and Corporate Strategy
Series: NOV 2021

SCS – Aug 2022 – L3 – Q8 – Controlling Risk

Explain the ISO 31000 risk management framework and the OECD principles relevant to Bazar's governance concerns.

Question

The Director of Finance and Operations, Mrs. Emma Owusu-Kwakye, is concerned about the lack of a “standardised risk management system” and “good corporate governance” at Bazar. Following Continuous Professional Development (CPD) training organised recently by the Institute of Chartered Accountants, Ghana (ICAG), on this subject and attended by you as a member of the Finance Team, duly paid for from Bazar’s training budget:

Required:
You have been asked by management to brief your finance team members on the following:

i) The International Standardisation for Organisation (ISO 31000) framework for risk management using the three (3) main elements. (5 marks)
ii) TWO (2) out of the Six OECD principles of Corporate Governance. (5 marks)

Answer

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Tags: Corporate Governance, ISO 31000, OECD principles, Risk Management
Level: Level 3

Topic: Controlling Risk
Series: AUG 2022

SCS – May 2021 – L3 – Q7 – Controlling risk

Explain the process of risk management that should be adopted by SBL's board in line with ISO 31000.

Question

Debora Dede Boateng is having sleepless nights due to the level of SBL’s risk in relation to ongoing investment. She had a discussion with Bismark, which centered on the “International Organization for Standardisation’s ISO 31000.”

Required:
Explain the process of risk management that you will recommend that should be adopted by SBL’s board in line with ISO 31000. (10 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: ISO 31000, Process of Risk Management, Risk Assessment, Risk Control, Risk Management
Level: Level 3

Topic: Controlling Risk
Series: MAY 2021

CSME – May 2017 – L2 – SC – Q5 – Risk Management and Corporate Strategy

Show how organizations can address risk management challenges using ISO 31000.

Question

a. Using the ISO 31000 framework, show what an organization might do to address risk management challenges. (9 Marks)

b. Explain THREE main elements of risk management contained in the ISO 31000 framework. (6 Marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: ISO 31000, Organizational Risk, Risk Control, Risk Management, Risk Management Framework
Level: Level 2

Topic: Risk Management and Corporate Strategy
Series: MAY 2017

CSME – Nov 2016 – L2 – Q4a – Risk Management and Corporate Strategy

Present on ISO 31000 framework and the role of the board in risk management for a newly listed company on the Nigerian Stock Exchange.

Question

Required:
Draft a presentation to the board of directors on:

i) Key elements of ISO 31000 framework (6 Marks)
ii) The role of the board of directors and management in risk management (9 Marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Board of Directors, Corporate Governance, ISO 31000, Risk Management
Level: Level 2

Topic: Risk Management and Corporate Strategy
Series: NOV 2016

CSME – Nov 2020 – L2 – Q2 – Risk Management and Corporate Strategy

Recommend a universally accepted risk management framework and discuss its elements and techniques for Global Masters Plc.

Question

Required:

a. Recommend a universally acceptable framework which is also applicable in the various industries in which Global Masters Plc. operates. Justify your recommendation. (3 Marks)

b. Discuss the elements of the framework. (6 Marks)

c. Discuss the techniques to be adopted in implementing the framework. (11 Marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: ISO 31000, Risk Architecture, Risk Framework, Risk Strategy
Level: Level 2

Topic: Risk Management and Corporate Strategy
Series: NOV 2020

CSME – Nov 2021 – L2 – Q2 – Risk Management and Corporate Strategy

Provide advice on the nature and role of the risk committee and elements of ISO 31000 for XYZ Limited.

Question

XYZ Limited is a company seeking to meet regulatory requirements for listing on the Nigeria Stock Exchange. As such, the company wants to make several changes in its risk management system.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Enterprise Risk Management, ISO 31000, Risk Committee, Risk Management
Level: Level 2

Topic: Risk Management and Corporate Strategy
Series: NOV 2021

SCS – Aug 2022 – L3 – Q8 – Controlling Risk

Explain the ISO 31000 risk management framework and the OECD principles relevant to Bazar's governance concerns.

Question

Required:
You have been asked by management to brief your finance team members on the following:

Answer

Find Related Questions by Tags, levels, etc.

Tags: Corporate Governance, ISO 31000, OECD principles, Risk Management
Level: Level 3

Topic: Controlling Risk
Series: AUG 2022

SCS – May 2021 – L3 – Q7 – Controlling risk

Explain the process of risk management that should be adopted by SBL's board in line with ISO 31000.

Question

Required:
Explain the process of risk management that you will recommend that should be adopted by SBL’s board in line with ISO 31000. (10 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: ISO 31000, Process of Risk Management, Risk Assessment, Risk Control, Risk Management
Level: Level 3

Topic: Controlling Risk
Series: MAY 2021

Question Tag: ISO 31000

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CSME – May 2017 – L2 – SC – Q5 – Risk Management and Corporate Strategy

Show how organizations can address risk management challenges using ISO 31000.

CSME – Nov 2016 – L2 – Q4a – Risk Management and Corporate Strategy

Present on ISO 31000 framework and the role of the board in risk management for a newly listed company on the Nigerian Stock Exchange.

CSME – Nov 2020 – L2 – Q2 – Risk Management and Corporate Strategy

Recommend a universally accepted risk management framework and discuss its elements and techniques for Global Masters Plc.

CSME – Nov 2021 – L2 – Q2 – Risk Management and Corporate Strategy

Provide advice on the nature and role of the risk committee and elements of ISO 31000 for XYZ Limited.

SCS – Aug 2022 – L3 – Q8 – Controlling Risk

Explain the ISO 31000 risk management framework and the OECD principles relevant to Bazar's governance concerns.

SCS – May 2021 – L3 – Q7 – Controlling risk

Explain the process of risk management that should be adopted by SBL's board in line with ISO 31000.

CSME – May 2017 – L2 – SC – Q5 – Risk Management and Corporate Strategy

Show how organizations can address risk management challenges using ISO 31000.

CSME – Nov 2016 – L2 – Q4a – Risk Management and Corporate Strategy

Present on ISO 31000 framework and the role of the board in risk management for a newly listed company on the Nigerian Stock Exchange.

CSME – Nov 2020 – L2 – Q2 – Risk Management and Corporate Strategy

Recommend a universally accepted risk management framework and discuss its elements and techniques for Global Masters Plc.

CSME – Nov 2021 – L2 – Q2 – Risk Management and Corporate Strategy

Provide advice on the nature and role of the risk committee and elements of ISO 31000 for XYZ Limited.

SCS – Aug 2022 – L3 – Q8 – Controlling Risk

Explain the ISO 31000 risk management framework and the OECD principles relevant to Bazar's governance concerns.

SCS – May 2021 – L3 – Q7 – Controlling risk

Explain the process of risk management that should be adopted by SBL's board in line with ISO 31000.

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Question Tag: ISO 31000

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CSME – May 2017 – L2 – SC – Q5 – Risk Management and Corporate Strategy

Show how organizations can address risk management challenges using ISO 31000.

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CSME – Nov 2016 – L2 – Q4a – Risk Management and Corporate Strategy

Present on ISO 31000 framework and the role of the board in risk management for a newly listed company on the Nigerian Stock Exchange.

You're reporting an error for "CSME – Nov 2016 – L2 – Q4a – Risk Management and Corporate Strategy"

CSME – Nov 2020 – L2 – Q2 – Risk Management and Corporate Strategy

Recommend a universally accepted risk management framework and discuss its elements and techniques for Global Masters Plc.

You're reporting an error for "CSME – Nov 2020 – L2 – Q2 – Risk Management and Corporate Strategy"

CSME – Nov 2021 – L2 – Q2 – Risk Management and Corporate Strategy

Provide advice on the nature and role of the risk committee and elements of ISO 31000 for XYZ Limited.

You're reporting an error for "CSME – Nov 2021 – L2 – Q2 – Risk Management and Corporate Strategy"

SCS – Aug 2022 – L3 – Q8 – Controlling Risk

Explain the ISO 31000 risk management framework and the OECD principles relevant to Bazar's governance concerns.

You're reporting an error for "SCS – Aug 2022 – L3 – Q8 – Controlling Risk"

SCS – May 2021 – L3 – Q7 – Controlling risk

Explain the process of risk management that should be adopted by SBL's board in line with ISO 31000.

You're reporting an error for "SCS – May 2021 – L3 – Q7 – Controlling risk"

CSME – May 2017 – L2 – SC – Q5 – Risk Management and Corporate Strategy

Show how organizations can address risk management challenges using ISO 31000.

You're reporting an error for "CSME – May 2017 – L2 – SC – Q5 – Risk Management and Corporate Strategy"

CSME – Nov 2016 – L2 – Q4a – Risk Management and Corporate Strategy

Present on ISO 31000 framework and the role of the board in risk management for a newly listed company on the Nigerian Stock Exchange.

You're reporting an error for "CSME – Nov 2016 – L2 – Q4a – Risk Management and Corporate Strategy"

CSME – Nov 2020 – L2 – Q2 – Risk Management and Corporate Strategy

Recommend a universally accepted risk management framework and discuss its elements and techniques for Global Masters Plc.

You're reporting an error for "CSME – Nov 2020 – L2 – Q2 – Risk Management and Corporate Strategy"

CSME – Nov 2021 – L2 – Q2 – Risk Management and Corporate Strategy

Provide advice on the nature and role of the risk committee and elements of ISO 31000 for XYZ Limited.

You're reporting an error for "CSME – Nov 2021 – L2 – Q2 – Risk Management and Corporate Strategy"

SCS – Aug 2022 – L3 – Q8 – Controlling Risk

Explain the ISO 31000 risk management framework and the OECD principles relevant to Bazar's governance concerns.

You're reporting an error for "SCS – Aug 2022 – L3 – Q8 – Controlling Risk"

SCS – May 2021 – L3 – Q7 – Controlling risk

Explain the process of risk management that should be adopted by SBL's board in line with ISO 31000.

You're reporting an error for "SCS – May 2021 – L3 – Q7 – Controlling risk"

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