Which risk assessment goal focuses on control effectiveness?

The goal that focuses on control effectiveness is to evaluate exposure to loss. This involves assessing how well current controls are functioning to mitigate identified risks and the potential financial impact of those risks if they were to materialize. In this context, "control effectiveness" refers to determining whether the existing measures are sufficient to protect against threats and vulnerabilities, thus minimizing potential losses.

When analyzing exposure to loss, organizations can identify any gaps in their existing control measures and understand the relationship between those controls and the likelihood of experiencing adverse events. This evaluation helps prioritize risk management strategies and investments in further controls, ensuring that resources are allocated effectively to areas where they can have the most impact.

Other choices, such as identifying risks, reducing financial costs, and enhancing employee training, are important aspects of risk management but do not specifically focus on assessing how effective the existing controls are at mitigating those risks. Identifying risks is the initial step in the process, while reducing financial costs and enhancing training are outcomes that can result from improved risk management practices rather than direct measurements of control effectiveness.