ERM Communication and Reporting Flashcards
1
Q
What are KRIs?
A
Key risk indicators- measure emerging risk
- usually quantitative but are sometimes in words
2
Q
What are KPIS?
A
Key performance indicators
- Usually at entity wide level
3
Q
What is an assumption?
A
Belief about the future
4
Q
What is a bot?
A
A software application that runs automated tasks on the internet
5
Q
What is a KPI?
A
High-level risk measures of historical performance
