The PRIMARY reason for a risk practitioner to review business processes is to:
A.
Benchmark against peer organizations.
B.
Identify appropriate controls within business processes.
C.
Assess compliance with global standards.
D.
Identify risk owners related to business processes.
The Answer Is:
D
This question includes an explanation.
Explanation:
A review of business processes is crucial for identifying risk owners, as risk ownership is tied to specific processes within the organization. Risk owners are accountable for managing and mitigating risks within their respective areas. This ensures that risks are effectively addressed where they arise and aligns mitigation efforts with business objectives. Properly identifying risk owners supports better governance, accountability, and alignment with the organization's risk management strategy.
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