Exam (elaborations)
Rsk2601 Assignment 1 semester 1 2023
- Institution
- University Of South Africa (Unisa)
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2/27/23, 3:22 PM Assessment 1MENU
Dashboard / Courses / UNISA / 2023 / Semester 1 / RSK2601-23-S1 / Welcome Message / Assessment 1
Question 1
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In terms of the King III code of governance principles …
a. risk management should be performed on an ongoing basis.
b. internal audit should be integrated with the risk management process.
c. compliance should not form part of the risk management process.
d. risk management is separable from the company’s strategic business processes.
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Question 2
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Which stage of the enterprise risk management (ERM) process is concerned with gaining an understanding of the background to the
business as a whole and the specific business activities, processes or projects?
a. Risk analysis
b. Risk evaluation
c. Monitoring and review
d. Establishing the context
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https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=6876289&cmid=593221 1/10
, 2/27/23, 3:22 PM Assessment 1
Question 3
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Which one of the following is not a recognised context stage tool to obtain information on the business?
Dashboard / Courses / UNISA / 2023 / Semester 1 / RSK2601-23-S1 / Welcome Message / Assessment 1
a. Financial analysis
b. PEST analysis
c. Sensitivity analysis
d. SWOT analysis
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Question 4
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A GAP analysis …
a. is used to list all the risks that were identified on previous projects within the business.
b. is a list that categorises each risk into a type of area.
c. can be used to identify the main risks linked to a certain activity or project of the business.
d. is a structured checklist to break down the risks and opportunities into manageable components.
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Question 5
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ZXY Limited has undergone an internal audit. The internal audit report indicated that the staff in the debtor's department are not adequately
trained in completing individual debtor reconciliations. As a result of this, the reconciliations have incorrect reconciling items.
The fact that the staff are not properly trained is an example of a/an …
a. opportunity.
b. internal control.
c. risk source.
d. risk.
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https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=6876289&cmid=593221 2/10
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