Which of the following is the MOST important aspect to ensure that an accurate risk register is maintained? 

Answer options:

A. Publish the risk register in a knowledge management platform with workflow features that periodically contacts and polls risk assessors to ensure accuracy of content
B. Perform regular audits by audit personnel and maintain risk register
C. Submit the risk register to business process owners for review and updating
D. Monitor key risk indicators, and record the findings in the risk register

A

A knowledge management platform with workflow and polling feature will automate the process of maintaining the risk registers. Hence this ensures that an accurate and updated risk register is maintained. Incorrect Answers: B: Audit personnel may not have the appropriate business knowledge in risk assessment, hence cannot properly identify risk. Regular audits may also cause hindrance to the business activities. C: Business process owners typically cannot effectively identify risk to their business processes. They may not have the ability to be unbiased and may not have the appropriate skills or tools for evaluating risks. D: Monitoring key risk indicators, and record the findings in the risk register will only provide insights to known and identified risk and will not account for obscure risk, i.e. , risk that has not been identified yet.