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CISM study material · question 273 of 1000
IR 8286 divides risk context into two parts. Which pairing is correct?
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Answer: D. External context, the expectations of customers, regulators and partners; internal context, the organisation's objectives, governance, culture, appetite and policies
IR 8286 describes external context as the expectations of outside stakeholders such as customers, regulators, legislators and partners, and internal context as factors including objectives, governance, culture, risk appetite, tolerances, policies and practices.
Source: NIST IR 8286 (NIST) — Sec. 3.1 Identify the Context