Discuss OCEG GRCP Exam Topic 5 Question 28

What is the role of key risk indicators (KRIs)?

AKRIs are subjective measures that are not based on any specific risk assessments or data so they only provide a high-level assessment of threats

BKRIs are indicators that help govern, manage, and provide assurance about risk related to an objective

CKRIs are used to evaluate the performance of the risk management and compliance departments

DKRIs are only relevant for governmental entities and have no role in commercial enterprises

Suggested Answer: B

15 comments · newest first

Stephen 1 month ago

I can't believe anyone would think they're only for government. That's just wrong!

Novella 1 month ago

Exactly! They provide assurance and help in decision-making.

Emmanuel 1 month ago

True, but without KRIs, how would we measure risk?

Stephen 2 months ago

I agree, but I wonder if some people see them as just high-level assessments.

Novella 2 months ago

Definitely! Option B makes the most sense. They guide risk management.

Emmanuel 2 months ago

I think KRIs are crucial for managing risks effectively.

Nieves 2 months ago

They’re not just high-level, they’re based on data!

Sabra 2 months ago

KRIs are definitely used in commercial settings too!

Letha 2 months ago

Wait, are KRIs really only for government? That seems off.

Aliza 3 months ago

Totally agree, they’re essential for risk management!

Jarod 3 months ago

KRIs help track risks related to objectives.

Esteban 3 months ago

I believe KRIs are definitely relevant for both government and commercial entities, so option D seems incorrect to me.

Donte 3 months ago

I feel like I've seen questions about KRIs before, but I can't recall if they are only for government or if they apply to businesses too.

Vincent 3 months ago

I think option B sounds right because KRIs help in managing risks related to specific objectives, which aligns with what we practiced.

Corinne 4 months ago

I remember KRIs being important for monitoring risks, but I'm not sure if they are subjective or objective measures.

OCEG GRCP Exam - Topic 5 Question 28 Discussion