CRISC: Certified in Risk and Information Systems ControlDemo

By Isaca · Question Mode

QuestionQ559

Risk Assessment

The PRIMARY purpose of implementing a formalized risk taxonomy is to:

  • A reduce subjectivity in risk management
  • B comply with regulatory requirements
  • C demonstrate best industry practice
  • D improve visibility of overall risk exposure
Explanation

A formalized risk taxonomy creates a consistent framework for classifying and aggregating risks across business areas, improving enterprise-wide visibility of the organization’s overall risk exposure.

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