QuestionQ1113

Governance

Which action should a risk practitioner take FIRST to support implementing governance for organizational assets within an enterprise risk management (ERM) program?

  • A Conduct risk assessments across the business.
  • B Hire experienced and knowledgeable resources.
  • C Develop a detailed risk profile.
  • D Schedule internal audits across the business.
Explanation

Enterprise-wide risk assessments identify and quantify risks to organizational assets, enabling governance decisions to prioritize assets, assign appropriate controls, and allocate resources according to risk. A risk profile is an output informed by those assessments, while internal audits assess existing arrangements.

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