Monitoring Risks

Question 1

Monitoring risks

Answer 1

Via reviewing processes, evaluating if controls still work, assessing if risks have changed, updating register and reassessing residual risk

Question 2

Dynamic nature of risks

Answer 2

Risks evolve with economic environment, company structure, strategy, technology, market changes

Question 3

Circular process

Answer 3

Start again - the loop ends where it began.

Identify > analyse > respond > monitor > repeat