According to IIA guidance, which of the following best describes how risks are measured?
A) Likelihood and probability.
B) Impact and relevance.
C) Velocity and rate of occurrence.
D) Likelihood and impact.

Question

Quizplus · Accepted Answer

Risks are typically measured by assessing both their likelihood (the probability of occurrence) and their impact (the potential effect on the organization).

According to IIA Guidance, Which of the Following Best Describes