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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 review

A review is an activity. Review activities are carried out in order to determine whether something is a suitable, adequate, and effective way of achieving established objectives.

In general, ISO 31000 2018 expects you to review your risk management framework and your risk management process. It specifically expects you to review your risk management policy and plans as well as your risks, risk criteria, risk treatments, risk management controls, residual risks, and your risk assessment process.
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