Hazards
3 types of Hazards
What are natural, human-caused, and technological?
Compliance Risk Definition
What is an organization's potential exposure to legal penalties, financial forfeiture and material loss, resulting from its failure to act in accordance with industry laws and regulations, internal policies or prescribed best practices?
Benefits of a Risk Assessment
What are identifying potential threats, understanding likelihood and impact of the threats, and implement proactive processes to address and mitigate the impact?
2 Risk Ratings for a Risk Assessment
What is Impact and Likelihood?
Location of 2020 Olympics
Where is Tokyo?
Types of Natural Hazards
What are biological, geological, and meteorological?
Another Name for Compliance Risk
What is Integrity Risk?
What is FALSE?
Likelihood Low Rating Description
What is the threat of a serious event occurring is either non-existent or remote - the area should be managed but the level of risk response is limited?
Date 2020 Olympics Begin
When is June 26, 2021?
Types of Human-Caused Hazards
2 of the 5 Types of Compliance Risk
What are corrupt and illegal practices, privacy breaches, environmental concerns, process risks, and/or workplace health and safety?
5 Steps to Perform a Risk Assessment
What are conduct risk assessment survey, identify risks, assess risk likelihood and risk impact, create an audit plan, and implement audit plan?
Likelihood High Rating Description
What is immediate and high degree of vulnerability such that it is critical that the risk be managed and controlled in order for this area to achieve its objectives - if not properly controlled, that area could have a serious, long-term or detrimental effect on operations, and the achievement of organizational goals and objectives?
Olympic gold medal metal
What is silver? The last Olympic medal that was actually solid gold was awarded in 1912. Today, "gold" medals are 92.5% silver.
4 Examples of Technological Hazards
What are: Supplier failure, transportation interruption, explosion (chemical, gas, etc.), fire (structure, wildfire), spill/release, radiological accident, hazmat incident off-site, loss of connectivity, hardware failure, lost/corrupt data, application failure, communications, electrical power, water, gas, heating/A/C, pollution control system, and/or sewage system?
Operational Risk Definition
What is the risk of an unexpected failure in an organization’s day-to-day operations?
7 Types of Risks
What are compliance, economic, financial, fraud/security, operational, reputational, and strategic risk?
Moderate Impact Risk Rating Description
What is indicates the resulting consequences of an event would be negative and must be managed, but would not have a substantial effect on finances or on-going operations?
Number of Paralympic Sports in Tokyo Olympics
How much is 22 Paralympic Sports?
Types of Technological Hazards (5)
What are chain interruption, explosion/fire, hazardous materials, IT, utility outage?
5 Types of Strategic Risk
What are reputational, governance, operational, financial, and competitive risk?
3 Types of Economic Risk
What is Sovereign Risk, Unexpected Swing in Exchange Rates, and Credit Risk?
High Impact Risk Rating Description
What is if an event occurs, the financial ramifications would be severe and/or operations would suffer long-standing consequences?
Number of Olympic Sports in Tokyo Olympics
How much is 33 Olympic Sports?