Should I Share Our Risk Assessment?
The results of a risk assessment should be shared with key stakeholders including the board, compliance personnel, auditors, customers, and regulators.
Highlights
📊 Board members should be informed about and involved in the risk assessment process.
🔍 Compliance personnel will need to maintain documentation for audits.
🛡️ Auditors for industry standard frameworks will require proof of a risk assessment.
🤝 Customers may request a copy of the risk assessment results.
🕵️♂️ Regulators in regulated industries will also want to see the results.
Key Insights
📊 Board involvement is crucial in ensuring proper governance and oversight of the organization, making them key stakeholders in the risk assessment process.
🔍 Compliance personnel play a vital role in maintaining documentation and ensuring adherence to industry standards, making them essential recipients of risk assessment results.
🛡️ Auditors require proof of risk assessments to verify compliance with industry standards, highlighting the importance of conducting and sharing this assessment.
🤝 Customer trust can be strengthened by providing transparency through sharing risk assessment results, demonstrating a commitment to security and risk management.
🕵️♂️ Regulators play a critical role in ensuring compliance in regulated industries, making it essential to have up-to-date risk assessment results readily available for review.
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