Chapter 6. Risk Reporting Practice Question Set covers the following learning objectives:
Identify roles and responsibilities of different organizational committees, and explain how risk reports should be developed for each committee or business function.
Describe components of operational risk reports and explain best practices in operational risk reporting.
Describe challenges to reporting operational risks, including characteristics of operational loss data, and explain ways to overcome these challenges.
Explain best practices for reporting risk exposures to regulators and external stakeholders.