CRISC · Question #527
A risk register BEST facilitates which of the following risk management functions?
The correct answer is C. Reviewing relevant risk scenarios with stakeholders. A risk register best facilitates reviewing relevant risk scenarios with stakeholders by providing a centralized and structured repository of identified risks and their details.
Question
A risk register BEST facilitates which of the following risk management functions?
Options
- AAnalyzing the organization's risk appetite
- BInfluencing the risk culture of the organization
- CReviewing relevant risk scenarios with stakeholders
- DArticulating senior management's intent
How the community answered
(28 responses)- A7% (2)
- B4% (1)
- C86% (24)
- D4% (1)
Why each option
A risk register best facilitates reviewing relevant risk scenarios with stakeholders by providing a centralized and structured repository of identified risks and their details.
While risk appetite might inform entries in the register, the register itself doesn't primarily analyze the appetite; it documents specific risks.
A risk register contributes to risk culture by increasing awareness, but its primary function is not to influence culture directly.
The risk register details specific risks, their potential impact, likelihood, current status, and proposed treatments. This comprehensive information allows stakeholders to review, discuss, and understand various risk scenarios, aiding in informed decision-making and ensuring a shared understanding of the organization's risk landscape.
Senior management's intent is articulated through policies and strategies, not primarily through the operational details recorded in a risk register.
Concept tested: Risk register function
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