RSK2601 ASSIGNMENT 1 FOR 1ST SEM 2025

RSK2601 ASSIGNMENT 1
FOR SEMESTER 1 2025




YEAR: 2025

, Question 1:

1.1 What are an organization's key obstacles to integrating risk management with the
overall business strategy?

 Correct answer: d) all the options

1.2 Indicate the correct statement.

 Correct answer: a) Risk implies the presence of uncertainty.

1.3 In terms of the King III Code of Governance principles...

 Correct answer: a) a risk assessment should be performed on an ongoing basis.

1.4 Which one of the following statements relates to the concept of corporate governance?

 Correct answer: c) It controls the internal and external actions of managers,
employees, and outside business stakeholders.

1.5 An enterprise risk management (ERM) policy aims to...

 Correct answer: b) assist an organization in integrating risk management into its
management processes.

1.6 Based on the scenario above, which of the following statements are insufficiencies in the
audit committee’s structure based on King III?

 Correct answer: b) ii, iv

1.7 The King IV code on corporate governance includes which of the following sector
supplements?

 Correct answer: c) i, iii, iv

1.8 Risk identification is a crucial step of the ERM process. Indicate which of the following
statements are correct in relation to risk identification.

 Correct answer: b) ii, iii, iv

1.9 In the monitoring and review stage, control activities must adhere to which of the
following?

 Correct answer: c) i, ii, iv