Certified in Risk and Information Systems Control (CRISC) — Question 427

Which element of an organization's risk register is MOST important to update following the commissioning of a new financial reporting system?

Answer options

• A. The owner of the financial reporting process
• B. The list of relevant financial controls
• C. Key risk indicators (KRIs)
• D. The risk rating of affected financial processes

Correct answer: A

Explanation

Updating the owner of the financial reporting process is essential because the new system may introduce changes in responsibilities or oversight. While the list of relevant financial controls, KRIs, and risk ratings are also important, they are secondary to ensuring that the right person is accountable for the new system's compliance and performance.