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Which of the following role carriers will decide the Key Risk Indicator of the enterprise? Each correct answer represents a part of the solution. Choose two.
Suggested Answer:AB🗳️
An enterprise may have hundreds of risk indicators such as logs, alarms and reports. The CRISC will usually need to work with senior management and business leaders to determine which risk indicators will be monitored on a regular basis and be recognized as KRIs. Incorrect Answers: C, D: Chief financial officer and human resource only overview common risk view, but are not involved in risk based decisions.
The determination of Key Risk Indicators (KRIs) in an enterprise is typically a responsibility shared among various stakeholders. However, two key role carriers that play a significant role in deciding the Key Risk Indicators are:
A. Business leaders
B. Senior management
Business leaders and senior management are closely involved in strategic decision-making and are responsible for overseeing the overall performance and risk management of the enterprise. They are likely to have a comprehensive understanding of the business environment and can identify key risks that may impact the organization.
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