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Exam 2016-FRR Topic 1 Question 159 Discussion

Actual exam question for GARP's 2016-FRR exam
Question #: 159
Topic #: 1
Which of the following statements presents an advantage of using risk and control self-assessments (RCSA) in the operational risk framework?
I. RCSA provides very accurate scoring of risks and controls due to its subjective nature.
II. RCSA program provides insight into risks that exist in a firm, but that may or may not have occurred before.
III. RCSA program can produce biased but transparent operational risk reporting.
IV. RCSA program allows each department to take ownership of its own risks and controls.

Suggested Answer: B Vote an answer

Risk and control self-assessments (RCSA) have several advantages:
* They provide insight into risks that exist in a firm but may not have occurred before (II).
* They allow each department to take ownership of its own risks and controls (IV). However, RCSA may not always provide very accurate scoring of risks and controls due to its subjective nature (I), and while it can produce biased operational risk reporting, the primary advantage is the transparency it offers, not the bias (III).

by Bancroft at Apr 06, 2025, 07:02 PM

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Here are all the actual test exam dumps for IT exams. Most people prepare for the actual exams with our test dumps to pass their exams. So it's critical to choose and actual test pdf to succeed.

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