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Which of the following is a valid source or basis for selecting key risk indicators (KRIs)?
Correct Answer: A
Sources for Selecting KRIs: * Historical Enterprise Risk Metrics:These provide data-driven insights into past risk events, helping to identify patterns and potential future risks. * Risk Workshop Brainstorming:While valuable, this approach relies on subjective input and may not be as reliable as historical data. * External Threat Reporting Services:Useful for understanding external risks, but may not provide comprehensive insights specific to the enterprise. Importance of Historical Data: * Using historical risk metrics ensures that KRIs are based on actual risk occurrences and trends within the enterprise. * This approach allows for more accurate and relevant KRIs that reflect the enterprise's specific risk profile. References: * ISA 315 (Revised 2019), Anlage 6highlights the importance of using reliable and relevant data sources for risk management, ensuring that KRIs are effective in predicting and monitoring risks.