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Isaca Exam IT Risk Fundamentals Topic 4 Question 11 Discussion
Actual exam question for
Isaca's
IT Risk Fundamentals exam
Question #: 11
Topic #: 4
[All IT Risk Fundamentals Questions]
Topic #: 4
The MOST important reason for developing and monitoring key risk indicators (KRIs) is that they provide:
Suggested Answer:
C
Step by Step Comprehensive Detailed Explanation with All Reference:
Purpose of KRIs:
KRIs are designed to provide early warnings about potential risk events.
They help organizations to take preventive actions before risks become critical issues.
Early Warning System:
KRIs are critical for proactive risk management, enabling organizations to respond quickly to changes in risk levels.
They complement other risk management tools by focusing on early detection.
ISA 315 (Revised 2019), Anlage 5 discusses the importance of timely and accurate information in managing and mitigating risks effectively.
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