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Acceptance Documentation

The organization shall maintain comprehensive documentation of all risk acceptance and exception decisions, including the request, evaluation, approval, and supporting information. Documentation shall be stored in a centrally accessible repository subject to version control and change management, available for review by auditors and regulators.

Requirement ID
RSK-008-R007
Parent Control
RSK-008
Domain Code
RSK

Requirement Details & Guidance

RSK-008-R007 · RSK-008
Why This Requirement Exists

To provide an auditable record of why a risk was accepted, who approved it, what conditions apply, and when the decision expires.

Implementation Guidance

Retain request, business justification, risk assessment, approvals, conditions, compensating controls, dates, and closure evidence in a controlled repository.

Practical Application & Audit Readiness

RSK-008-R007 · Field Guidance

Business Examples

    Common Audit Findings

      Common Mistakes

        Best Practices & Ownership

        RSK-008 · Recommended Approach

        Recommended Practices

          Typical Owner

          Cross-Mapped Regulatory Frameworks

          Harmonized Control Mappings
          FRAMEWORK CODE FRAMEWORK NAME & DETAILS FAMILY / CATEGORY VERSION ACTION
          ISO27001 ISO/IEC 27001 ISO/IEC 27001 specifies auditable requirements for... Clause: 7.5.1 – General 7.5.3 – Control of documented information
          ISO
          Standard
          		 v2022 View →
          IRDAI IRDAI Information & Cyber Security Guidelines IRDAI information and cyber-security requirements... Clause: §1.8-V – Risk Treatment
          India
          Guideline
          		 vLatest View →
          RBI-CSF RBI Cyber Security Framework / Master Directions RBI cyber-security requirements and directions set... Clause: Circular §5 – Identification/assessment of inherent cyber risks and controls; 2) Preventing execution of unauthorised software – 2.4 Defined exception framework, approval and periodic review
          India
          Regulation
          		 vLatest View →
          SEBI-CSCRF SEBI Cyber Security & Cyber Resilience Framework SEBI’s Cybersecurity and Cyber Resilience Framewor... Clause: 1.5 GV.RM: Risk Management
          India
          Regulation
          		 vLatest View →
          NIS2 NIS2 Directive The NIS2 Directive establishes EU-wide cybersecuri... Clause: Article 21(1) – Cybersecurity risk-management measures – general obligation Article 21(2)(a) – Policies on risk analysis and information system security
          EU
          Directive
          		 vCurrent View →
          PCI-DSS PCI DSS PCI DSS is an industry security standard maintaine... Clause: 12.3.1 – For each PCI DSS requirement that specifies; 12.3.2 – A targeted risk analysis is performed for each
          PCI
          Standard
          		 v4 View →
          ISO22301 ISO/IEC 22301 ISO 22301 specifies requirements for a Business Co... Clause: 6.1.1 – Determining risks and opportunities; 6.1.2 – Addressing risks and opportunities; 8.2.3 – Risk assessment
          ISO
          Standard
          		 v2019 View →
          NIST-CSF NIST Cybersecurity Framework (CSF) The NIST Cybersecurity Framework provides high-lev... Clause: ID.RA – Risk Assessment | ID.RA-06 – Risk responses are chosen, prioritized, planned, tracked, and communicated
          NIST
          Framework
          		 v2 View →
          NIST80053 NIST SP 800-53 NIST SP 800-53 Rev. 5 presents control families, i... Clause: 3.4 – ASSESSMENT, AUTHORIZATION, AND MONITORING; CA-6 – AUTHORIZATION
          NIST
          Control Catalog
          		 vRev. 5 View →
          NPCI-ISR NPCI Information Security Requirements NPCI information-security requirements define cont... Clause: Governance Controls; Policy, Roles and Risk Linkages – Cyber Risk Management programs
          India
          Standard
          		 vLatest View →
          SOC2 SOC 2 Trust Services Criteria SOC 2 is an independent examination and reporting... Clause: CC3.2 – Risk Assessment – COSO Principle 7: The entity identifies risks to the achievement of its objectives across the entity and analyzes risks as a basis for determining how the risks should be managed.
          AICPA
          Audit Framework
          		 vLatest View →

          Parent Domain Context

          Governance Domain Baseline
          Domain Name:
          Risk Management (RSK)
          Purpose:
          To identify, assess, and treat cybersecurity, privacy, and resilience risks.
          Scope:
          Enterprise
          View

          Parent Control Context

          Control Baseline
          Control Name:
          Risk Acceptance & Exception Management (RSK-008)
          Summary:
          Establishes formal governance for risk acceptance and policy exceptions including evaluation, approval, documentation, monitoring, periodic review, renewal, and closure processes.
          Business Description:
          Establish and maintain a formal process for evaluating, approving, documenting, monitoring, reviewing, and closing risk acceptance requests and policy exceptions.
          View