Citation Matching
Project 36230 –
Task 1119704
| Instructions: Identify the Control, if it exists, to which the Citation should be mapped. | Task Description: Match the "Additional Considerations ¶ 1" Citation to a Control | Authority Document URL: Website URI Document URI |
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Citation Reference: Additional Considerations ¶ 1 Citation Guidance: For newly identified risks, management should assess the severity and related priority, and determine the effectiveness of the proposed risk response. On the other hand, selecting a risk response may present new opportunities not previously considered. Management may identify innovative responses, which, while fitting with the response categories described earlier, may be entirely new to the entity or even an industry. Such opportunities may surface when existing risk response options reach the limit of effectiveness, and when further refinements will likely provide only marginal changes to the severity of a risk. Management channels any new opportunities back to strategy-setting. | ||
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The new guidance is identical to the current guidance.
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