What questions are asked in step 5 of the RM process to ensure compliance with the guiding priciples?

Step 5 of the Risk Management (RM) process typically involves evaluating the effectiveness of risk responses and ensuring compliance with guiding principles. Key questions may include: Are the implemented measures aligned with the established risk management framework? Do they adequately address identified risks while adhering to regulatory requirements and organizational policies? Additionally, are stakeholders engaged and informed about the risk management activities and their roles? These inquiries help ensure that risk management practices are both effective and compliant.