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Your glossary for risk and compliance

Helpful definitions of all of the terms you need to know to better manage risk and compliance.

Risk
ISO 31000

Risk identification

Risk identification is a process that involves finding, recognizing, and describing the risks that could influence the achievement of objectives. It is used to identify possible sources of risk in addition to the events and circumstances that could influence the achievement of objectives. It also includes the identification of possible causes and potential consequences. You can use historical data, theoretical analysis, informed opinions, expert advice, and stakeholder input to identify your organization’s risks.
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