Which of the following is the GREATEST concern when establishing key risk indicators (KRIs)?

While a balance of leading and lagging indicators is ideal for proactivity, a high percentage of lagging indicators is a concern for future insights, but less fundamental than an ineffective initial risk assessment.

Nonexistent benchmark analysis limits the ability to compare performance externally, but it doesn't invalidate the intrinsic value of KRIs if they are based on a sound internal risk assessment.

Incomplete documentation for KRI monitoring affects the operational efficiency and auditability of the KRI program, but it's a procedural issue rather than a fundamental flaw in the KRIs' design or relevance.

If the foundational methods used to assess risk are flawed, the understanding of risks will be inaccurate, leading to the establishment of Key Risk Indicators (KRIs) that measure the wrong aspects or provide misleading information, making them ineffective for risk management.