Which of the following is the MAIN benefit to an organization using key risk indicators (KRIs)?
A.
KRIs assist in the preparation of the organization's risk profile.
B.
KRIs signal that a change in the control environment has occurred.
C.
KRIs provide a basis to set the risk appetite for an organization
D.
KRIs provide an early warning that a risk threshold is about to be reached.
The Answer Is:
D
This question includes an explanation.
Explanation:
The main benefit of using key risk indicators (KRIs) for an organization is that they provide an early warning that a risk threshold is about to be reached. KRIs are metrics that measure the likelihood and impact of risks, and help monitor and prioritize the most critical risks. KRIs also help to trigger timely and appropriate risk responses, before the risk becomes unmanageable or unacceptable. The other options are not the main benefit of using KRIs, although they may be secondary benefits or outcomes. References = Risk and Information Systems Control Study Manual, Chapter 4, Section 4.4.1, page 4-36.
CRISC PDF/Engine
Printable Format
Value of Money
100% Pass Assurance
Verified Answers
Researched by Industry Experts
Based on Real Exams Scenarios
100% Real Questions
Get 60% Discount on All Products,
Use Coupon: "8w52ceb345"