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FRM Part II · FRM Exam Part II · Risk Reporting

Which feature of risk reporting data is most directly addressed by requiring that operational risk reports be produced from a single, reconciled source with documented lineage?

This requirement addresses the accuracy and integrity of reported information. A single reconciled source with documented lineage lets reviewers trace figures back to their origin and confirm they are consistent, which builds confidence in the report. It does not affect taxonomy size, meeting schedules or summary length.

  1. AAccuracy and integrity of reported informationCorrect
  2. BReducing the number of risk categories in the taxonomy
  3. CIncreasing the frequency of board meetings
  4. DShortening the length of the executive summary

Explanation

Reconciled sources and documented data lineage let users trace figures to their origin and confirm consistency, supporting accuracy and integrity of reports. They do not change the taxonomy, meeting frequency or summary length.

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