When preparing a risk status report for periodic review by senior management, it is MOST important to ensure the report includes:
Click on the arrows to vote for the correct answer
A. B. C. D.C.
When preparing a risk status report for periodic review by senior management, the most important aspect to include is the risk exposure in business terms. Option D is the correct answer.
Risk status reports are prepared to inform senior management of the current state of risk within an organization. These reports provide a snapshot of the risk landscape, including an assessment of the likelihood and potential impact of identified risks, as well as any controls in place to mitigate those risks.
Including risk exposure in business terms is important because it allows senior management to make informed decisions based on the potential impact to the organization's goals and objectives. By understanding the risks in terms of business impact, senior management can prioritize resources and investments appropriately to minimize the overall risk exposure of the organization.
Options A, B, and C may also be included in the risk status report, but they are not the most important aspect. Recommendations by an independent risk assessor may provide valuable insights, but they are not essential for senior management to make informed decisions. A summary of incidents that have impacted the organization may be relevant, but it is not the most critical aspect of the report. A detailed view of individual risk exposures may be helpful, but it may not provide the necessary context for senior management to make informed decisions.
In summary, when preparing a risk status report for periodic review by senior management, the most important aspect to include is the risk exposure in business terms. This allows senior management to make informed decisions based on the potential impact to the organization's goals and objectives.