Which of These Is Not a Framework Available to Australian

question 12

Multiple Choice

Which of these is not a framework available to Australian top management when considering risk management?

• A) AS/NZS ISO 31000: 2009 Risk management principles and guidelines
• B) The COSO Enterprise risk management framework
• C) The Australian assurance standards - AAS 340 -900
• D) All of the above are frameworks that are available

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Definitions:

Observed Frequencies

The count of occurrences or instances actually measured in a dataset or study.

Significance Level

The threshold of probability below which the null hypothesis is rejected in hypothesis testing.

Fair Coin

A theoretical coin which has an equal chance of landing on heads or tails.

Observed Frequencies

The actual number of occurrences or instances of a variable category observed in a statistical sample.