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Risk Statement

What is Risk Statement?

A structured description of a risk that clearly identifies the risk source, the event, and its potential consequences.

Risk Management

What the standards actually require on risk statement

Requirements naming risk statement across 5 standards, quoted from the control text.

Cyber risk categories and risks are documented in a risk register or equivalent, with attributes such as risk statements, priorities, category and impact data.

australian-energy-sector-cyber-security-framework-aescsf::RISK-2e · RISK-2e: Risks recorded in a register →
COBIT 20191 control

Opportunities to bring risk down to an acceptable level are managed together as a portfolio. The enterprise keeps an inventory of the control activities that mitigate risk and allow risk-taking within appetite and tolerance, classifies it, and maps it to speci...

cobit-2019::APO12.05 · APO12.05 Define a risk management action portfolio →

Applies to employers engaged in laboratory use of hazardous chemicals, meaning laboratory-scale manipulations (containers one person can easily and safely handle), multiple chemicals or procedures, not part of or simulating a production process, with protectiv...

osha-29-cfr-1910::1910.1450 · 1910.1450 Occupational exposure to hazardous chemicals in laboratories →

The SIG is the trust half of the Shared Assessments model and the Standardized Control Assessment (SCA, formerly the agreed upon procedures) is the verify half: an objective set of testing procedures, each control area carrying objectives, risk statements, con...

sig-shared-assessments::U3 · Verify SIG answers through a Standardized Control Assessment engagement run to the SCA guidelines →

Publish on the website, in an accessible machine-readable form and kept current, the VARA licence number, all licensed VA activities with restrictions and validity periods, the names of Responsible Individuals, and a detailed risk statement including that virt...

uae-virtual-asset-regulatory-authority-vara-regulations::MC-V · Market Conduct Rulebook V: Public disclosures and risk disclosure statement →

Questions people ask about risk statement

What is Risk Statement?
A structured description of a risk that clearly identifies the risk source, the event, and its potential consequences.
Why is Risk Statement important for compliance?
Risk Statement is a key concept in Risk Management. Understanding risk statement helps organizations meet regulatory requirements, reduce risk, and demonstrate due diligence during audits. Our compliance platform maps 1,016 frameworks with 316K cross-framework control mappings.
Which compliance frameworks address Risk Statement?
Risk Statement appears in the requirement text of Australian Energy Sector Cyber Security Framework (AESCSF), COBIT 2019, OSHA General Industry Standards (29 CFR Part 1910), SIG (Shared Assessments), UAE Virtual Asset Regulatory Authority (VARA) Regulations. Across these standards we have identified 5 controls that name it directly, each linked to the control text on the compliance platform.
Where can I learn more about Risk Statement?
Explore our compliance framework pages to see how risk statement applies across different standards and regulations. Our implementation guides provide step-by-step guidance, and the compliance platform offers AI-powered analysis of how this concept maps across 1,016 frameworks.

See how Risk Statement applies across compliance frameworks

Our platform maps 1,016 frameworks with 316K cross-framework control mappings. Explore how this concept is addressed across standards.

Written and maintained by Gerard Blokdyk, The Art of Service.