Which element of an organization's risk register is MOST important to update following the commissioning of a new financial reporting system?
Which element of an organization's risk register is MOST important to update following the commissioning of a new financial reporting system?
Following the commissioning of a new financial reporting system, it is crucial to update the list of relevant financial controls. This is because when a major system like financial reporting is updated, the controls that mitigate risks associated with financial processes need to be reassessed and updated to ensure they are effective in the new system context. This allows the organization to manage and mitigate any new risks introduced by the new system, thereby maintaining the integrity and accuracy of financial reports.
Yes, i also prefer to go for A
Agree.
The most important element to update in the organization's risk register following the commissioning of a new financial reporting system would be: B. The list of relevant financial controls When a new financial reporting system is implemented, it is crucial to update and assess the financial controls in place to mitigate the associated risks. This ensures that any new risks introduced by the system are adequately addressed and managed through effective control mechanisms. By updating the list of relevant financial controls, the organization can adapt to the changes brought about by the new system and maintain the integrity and accuracy of its financial reporting processes.
Agree with A.
I will say A but i am thinking D is relevant too
why not A?