A. Key risk indicators (KRIs)
When an organization's risk appetite changes, it's essential to update the Key Risk Indicators (KRIs) because they help in monitoring and signaling the potential for future adverse impacts, allowing for proactive management and decision-making within the context of the organization's risk appetite. KRIs are used to provide an early signal of increasing risk exposure in various areas of the enterprise.
The correct answer is A, Key risk indicators (KRIs).
Key risk indicators (KRIs) are metrics that are used to measure the likelihood and impact of identified risks. When an organization's risk appetite changes, it is important to update the KRIs to reflect the new risk appetite. This is becauseKRIs are used to monitor and manage risks and inform risk-related decisions. By updating theKRIs to reflect the new risk appetite, the organization can ensure that its risk management practices are aligned with its risk appetite and are effective in managing risks.
What is the connection between Risk Appetite and KPIs? KRI should be updated due to increase of risk appetite. Go with A
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