QuestionQ1798

Risk Response and Reporting

Whether risk-analysis results should be presented in quantitative or qualitative terms should be based primarily on the:

  • A specific risk analysis framework being used.
  • B results of the risk assessment.
  • C requirements of management.
  • D organizational risk tolerance.
Explanation

Risk-analysis results should be communicated in the form that best meets management’s decision-making and reporting needs. Management may require quantified financial exposure, qualitative prioritization, or both depending on the decisions to be made.

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