The monetary value of risks should be included if possible. True?
The register should include ALL the risks the company is exposed to. False - because the significant material risks shld be considered am I right?
CIMA Forums
Risk Register
7y ago#1Yes - if possible. Often they are just graded from serious to relatively trivial
I would go for TRUE. I think the way to do it is to note down all risks (and the risk register is the place to do it), then say that some are trivial an no further action is needed.
However, some companies might do it differently. The use of risk registers is not regulated.
A follow up question on risk registers:
If I had to pick 3 of the following statements which are TRUE:
1. Monetary value of risks should be allocated if possible
2. Probabilities of risk occurring shld be included
3. The register shld include all the risks to which the co is exposed
4. The register shld include details of who is responsible for dealing with each risk
Would you pick 2, 3 & 4 then? But isn't 1 also true?
7y ago#3I think they are all true, but if I had to pick out the least certain, that would be 3.
Sign into reply to this topic.