Certified in Risk and Information Systems Control (CRISC) — Question 1245

Which of the following is MOST important for developing effective key risk indicators (KRIs)?

Answer options

• A. Including input from risk and business unit management
• B. Engaging sponsorship by senior management
• C. Utilizing data and resources internal to the organization
• D. Developing in collaboration with internal audit

Correct answer: A

Explanation

The most important factor for developing effective KRIs is including input from risk and business unit management (A), as they provide the necessary insights into the specific risks faced. While sponsorship from senior management (B), utilizing internal data (C), and collaborating with internal audit (D) are beneficial, they do not directly influence the relevance and effectiveness of the KRIs as much as management input does.