QuestionQ818

Risk Response and Reporting

Which of the following is the MOST important consideration for determining the data elements that should be captured in the risk register?

  • A International risk management standards
  • B Prior experience of risk managers
  • C Specific needs of the organization
  • D Recommendations from internal audit
Explanation

Risk-register data elements should be tailored to the organization’s objectives, context, operations, and risk-management needs so the register supports relevant risk assessment, ownership, treatment, monitoring, and reporting. International standards provide general guidance, but risk-management arrangements must be customized to the organization.

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