Final answer:
A Key Risk Indicator (KRI) provides early warnings about the potential emergence of risks and helps monitor the effectiveness of risk controls, contributing to accountability within an organization. It isn't meant to prevent risks but to measure and indicate risk levels.
Step-by-step explanation:
A Key Risk Indicator (KRI) is a metric used primarily in risk management and risk assessment. Its main function is to provide an early warning signal that a potential risk may be emerging, enabling an organization to take proactive steps to assess and mitigate the risk. Hence, saying that a KRI provides early warning of risk emergence is accurate. It is an instrument for monitoring the probability of risk and the effectiveness of controls in place.
However, a KRI is not necessarily a tool that prevents the risk from emerging; it is more about measuring and indicating the level of risk so appropriate actions can be taken. KRIs do contribute to organizational accountability by ensuring that risk controls are regularly measured and reported on, which can improve the management of those risks. In addition, they do not provide a global assessment of an organization's exposure to risk; rather, they target specific risks or areas of risk.