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Isaca CRISC Exam - Topic 1 Question 117 Discussion

Which of the following is the MAIN benefit to an organization using key risk indicators (KRIs)?
D) KRIs provide an early warning that a risk threshold is about to be reached.
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

Isaca CRISC Exam - Topic 1 Question 117 Discussion

Actual exam question for Isaca's CRISC exam
Question #: 117
Topic #: 1
[All CRISC Questions]

Which of the following is the MAIN benefit to an organization using key risk indicators (KRIs)?

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Suggested Answer: D

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.Reference:= Risk and Information Systems Control Study Manual, Chapter 4, Section 4.4.1, page 4-36.


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Judy
1 day ago
Definitely agree, early warnings are key!
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Dulce
6 days ago
Not sure if they really signal control changes...
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Eleonore
11 days ago
Wait, aren't KRIs mainly for risk profiles?
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Lelia
17 days ago
I think they help with risk appetite too.
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Shawna
22 days ago
KRIs are great for early warnings!
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Bambi
27 days ago
I remember discussing how KRIs assist in preparing the risk profile, but I think the early warning function is the most significant benefit overall. It’s tricky!
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Rene
1 month ago
I studied that KRIs signal changes in the control environment, but I'm leaning towards the early warning aspect being more critical. It just seems more proactive.
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Kati
1 month ago
I'm not entirely sure, but I feel like KRIs might help with setting the risk appetite too. It seems like they could be related, but I can't recall the specifics.
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Mammie
1 month ago
I think the main benefit of KRIs is that they provide an early warning about risks. I remember practicing a question like this where early detection was emphasized.
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