How are Key Performance Indicators $($KPIs$),$ Key Risk Indicators $($KRIs$),$ and Key Compliance Indicators $($KCIS$)$ used? $*$

KPIs are long$-$term goals, KRIs are short$-$term goals, and KCls are intermediate goals, all of which are used to determine what decision$-$making criteria is required

KPIs help govern, manage, and provide assurance about performance related to an objective;KRIs help govern, manage, and provide assurance about risk related to an objective; KCIs help govern, manage, and provide assurance about compliance related to an objective

KPls are used to measure the efficiency of business processes; KRIs are used to assess the risk assessment processes; and KCls are used to evaluate the impact of changes, regulations and other obligations

KPIs are financial metrics, KRIs are operational metrics, and KCls are customer$-$related metrics, all of which are used to determine executive bonuses