A MAJOR advantage of using key risk indicators (KRIs) is that they:
A.
Identify scenarios that exceed defined risk appetite.
B.
Help with internal control assessments concerning risk appetite.
C.
Assess risk scenarios that exceed defined thresholds.
D.
Identify when risk exceeds defined thresholds.
The Answer Is:
D
This question includes an explanation.
Explanation:
KRIs provide measurable indicators that flag when risks exceed predefined thresholds, enabling swift and effective risk response. This supports theMonitoring and Reportingfunction in risk management, ensuring risks are managed proactively.
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