Risk Acceptance & Exception Management (RSK-008) - Universal Control Library

Criticality High Active

Control ID

RSK-008

Domain Code

RSK

Control Nature

Detective

Business Owner

Control Overview

RSK-008 · Full Control Profile

Business Description

Establish and maintain a formal process for evaluating, approving, documenting, monitoring, reviewing, and closing risk acceptance requests and policy exceptions.

Business Objective

Ensure residual risks and approved deviations are formally authorized, periodically reviewed, and managed within defined governance requirements.

Business Benefits

Business Risks if Missing

Stakeholders, Industries & Technologies

RSK-008 · Operating Context

Primary Stakeholders

Applicable Industries

Applicable Technologies

Mapped Regulatory & Industry Frameworks

Harmonized Framework Mappings

The following compliance and regulatory frameworks map directly to this control's governance scope.

FRAMEWORK CODE	FRAMEWORK NAME & DESCRIPTION	FAMILY / CATEGORY	VERSION	ACTION
COBIT2019	COBIT COBIT is an enterprise governance and management f...	COBIT Governance Framework	v2019	View →
IRDAI	IRDAI Information & Cyber Security Guidelines IRDAI information and cyber-security requirements...	India Guideline	vLatest	View →
ISO22301	ISO/IEC 22301 ISO 22301 specifies requirements for a Business Co...	ISO Standard	v2019	View →
NIS2	NIS2 Directive The NIS2 Directive establishes EU-wide cybersecuri...	EU Directive	vCurrent	View →
NIST-CSF	NIST Cybersecurity Framework (CSF) The NIST Cybersecurity Framework provides high-lev...	NIST Framework	v2	View →
NIST80053	NIST SP 800-53 NIST SP 800-53 Rev. 5 presents control families, i...	NIST Control Catalog	vRev. 5	View →
NPCI-ISR	NPCI Information Security Requirements NPCI information-security requirements define cont...	India Standard	vLatest	View →
PCI-DSS	PCI DSS PCI DSS is an industry security standard maintaine...	PCI Standard	v4	View →
RBI-CSF	RBI Cyber Security Framework / Master Directions RBI cyber-security requirements and directions set...	India Regulation	vLatest	View →
SEBI-CSCRF	SEBI Cyber Security & Cyber Resilience Framework SEBI’s Cybersecurity and Cyber Resilience Framewor...	India Regulation	vLatest	View →
SOC2	SOC 2 Trust Services Criteria SOC 2 is an independent examination and reporting...	AICPA Audit Framework	vLatest	View →
ISO27001	ISO/IEC 27001 ISO/IEC 27001 specifies auditable requirements for...	ISO Standard	v2022	View →
GDPR	General Data Protection Regulation (GDPR) The General Data Protection Regulation is a bindin...	EU Regulation	vCurrent	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

Compliance Requirements & Audit Crosswalk

10 Specific Audit Clauses

The following requirements dictate specific audit evidence criteria and testing steps mapped directly under this control.

REQUIREMENT ID	REQUIREMENT TITLE & DETAILS	MAPPED CONTROL	TYPICAL OWNER	ACTION
RSK-008-R001	Acceptance Framework The organization shall establish a risk...	RSK-008 Risk Acceptance & Exception Ma...	Chief Risk Officer, Risk Management, CISO	View ↗
RSK-008-R002	Acceptance Criteria The organization shall define criteria f...	RSK-008 Risk Acceptance & Exception Ma...	Chief Risk Officer, Risk Management, Compliance	View ↗
RSK-008-R003	Exception Request The organization shall establish a forma...	RSK-008 Risk Acceptance & Exception Ma...	Risk Management, Control Owners, Compliance	View ↗
RSK-008-R004	Business Justification The organization shall require all risk...	RSK-008 Risk Acceptance & Exception Ma...	Business Unit Owner, Risk Owner, Risk Management	View ↗
RSK-008-R005	Risk Evaluation The organization shall conduct risk eval...	RSK-008 Risk Acceptance & Exception Ma...	Risk Management, Risk Owner, CISO	View ↗
RSK-008-R006	Approval Workflow The organization shall maintain a formal...	RSK-008 Risk Acceptance & Exception Ma...	Risk Governance Committee, Chief Risk Officer, Risk Owners	View ↗
RSK-008-R007	Acceptance Documentation The organization shall maintain comprehe...	RSK-008 Risk Acceptance & Exception Ma...	Risk Management, Compliance	View ↗
RSK-008-R008	Exception Monitoring The organization shall monitor approved...	RSK-008 Risk Acceptance & Exception Ma...	Risk Management, Risk Owners, Control Owners	View ↗
RSK-008-R009	Periodic Review The organization shall conduct periodic...	RSK-008 Risk Acceptance & Exception Ma...	Risk Management, Risk Owners, Compliance	View ↗
RSK-008-R010	Exception Closure The organization shall establish process...	RSK-008 Risk Acceptance & Exception Ma...	Risk Owners, Risk Management, Control Owners	View ↗