Question

With a framework in place, controls and risk become more measurable. The ability to measure the enterprise against a set of standards and controls assures regulators of compliance and helps reduce uncertainty.
True or false?

Answer 1

Answer:

True

Explanation:

When a company as a framework to measure risk against, it can properly assess risk in different periods of time, depending of the risk score obtained within the framework.

This helps regulators because they can access an accurate primary information from the company itself (later on, they should probably compare that information against their own standards in order to prevent bias), and it also helps the company because it can see where it stands in terms of risk, which reduces uncertainty.