Which of the following scenarios is MOST important to communicate to senior management?
A.
Accepted risk scenarios with detailed plans for monitoring
B.
Risk scenarios that have been shared with vendors and third parties
C.
Accepted risk scenarios with impact exceeding the risk tolerance
D.
Risk scenarios that have been identified, assessed, and responded to by the risk owners
The Answer Is:
C
This question includes an explanation.
Explanation:
The scenario that is most important to communicate to senior management is the accepted risk scenarios with impact exceeding the risk tolerance, as it indicates a significant risk issue or breach that may affect the achievement of the organizational objectives, and may require a review or escalation action. The other options are not the most important scenarios, as they may not indicate a risk issue or breach, but rather a risk monitoring, sharing, or management activity, respectively, that may not affect the organizational objectives directly or significantly. References = CRISC Review Manual, 7th Edition, page 109.
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