Document background
The Risk Identification Form is a critical document required for organizations operating in Nigeria to systematically identify and assess various types of risks affecting their operations. This document is essential for compliance with Nigerian regulations, including the Risk Management and Internal Control Guidelines 2021 and sector-specific requirements. The form should be completed as part of regular risk assessment processes, during significant organizational changes, or when new projects or operations are initiated. It contains detailed sections for risk identification, analysis, evaluation, and treatment planning, along with provisions for documenting existing control measures and monitoring procedures. The Risk Identification Form serves as a fundamental tool for risk management and helps organizations demonstrate due diligence in risk assessment and mitigation planning to regulatory authorities.
