CRISC · Question #636
Which of the following is the PRIMARY purpose of a risk register?
The correct answer is B. It provides management with a risk inventory.. The primary purpose of a risk register is to serve as a comprehensive inventory of all identified risks within an organization, providing a centralized record for management.
Question
Which of the following is the PRIMARY purpose of a risk register?
Options
- AIt guides management in determining risk appetite.
- BIt provides management with a risk inventory.
- CIt aligns risk scenarios to business objectives.
- DIt monitors the performance of risk and control owners.
How the community answered
(26 responses)- B88% (23)
- C4% (1)
- D8% (2)
Why each option
The primary purpose of a risk register is to serve as a comprehensive inventory of all identified risks within an organization, providing a centralized record for management.
While a risk register's contents inform risk appetite discussions, its primary purpose is not to *guide* the determination of risk appetite, but to *document* the risks themselves.
A risk register is a tool used to identify, assess, and track risks, effectively creating a detailed inventory. This inventory provides management with a clear, organized view of all potential threats and opportunities, their characteristics, and their current status.
Aligning risk scenarios to business objectives is a function of risk assessment and strategy, but the register's core purpose is the inventorying and tracking of those risks.
Monitoring the performance of risk and control owners is a function of risk management oversight, which uses the data from the risk register, but it's not the register's primary purpose.
Concept tested: Risk register purpose
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