Active

AI Risk Reporting

The organization shall report on AI risk management, providing visibility into risk status, control effectiveness, and risk trends. Reporting shall include risk summaries, control assessments, and risk trend analyses, presented in a format that facilitates understanding and decision-making.

Requirement ID
AIG-002-R007
Parent Control
AIG-002
Domain Code
AIG

Requirement Details & Guidance

AIG-002-R007 · AIG-002
Why This Requirement Exists

This requirement exists to report AI risk status, control effectiveness, and risk trends in a decision-useful format, ensuring AI systems are governed, secured, assessed, and operated in a controlled and accountable manner.

Implementation Guidance

Establish and document the process to report AI risk status, control effectiveness, and risk trends in a decision-useful format. Define accountable roles, scope, required inputs and outputs, assessment or approval criteria, decision thresholds, review frequency, monitoring, reporting, exception handling, evidence requirements, and escalation paths. Apply the process across the AI lifecycle and integrate it with information security, privacy, risk, compliance, change management, incident management, and business governance as applicable.

Practical Application & Audit Readiness

AIG-002-R007 · Field Guidance

Business Examples

    Common Audit Findings

      Common Mistakes

        Best Practices & Ownership

        AIG-002 · 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: 7.4 – Communication
          ISO
          Standard
          		 v2022 View →
          IRDAI IRDAI Information & Cyber Security Guidelines IRDAI information and cyber-security requirements... Clause: §1.8-III – Technology Risk Assessment Process; §1.8-V – Risk Treatment; §1.8-VI – Continuous Monitoring and review
          India
          Guideline
          		 vLatest View →
          SEBI-CSCRF SEBI Cyber Security & Cyber Resilience Framework SEBI’s Cybersecurity and Cyber Resilience Framewor... Clause: 1.5 GV.RM: Risk Management; 2.2 ID.RA: Risk Assessment
          India
          Regulation
          		 vLatest View →
          HIPAA Health Insurance Portability and Accountability Act HIPAA is a U.S. federal law supported by implement... Clause: § 164.308(a)(2) Standard: Risk analysis
          US
          Law
          		 vCurrent View →
          PCI-DSS PCI DSS PCI DSS is an industry security standard maintaine... Clause: 12.3.2 – A targeted risk analysis is performed for each
          PCI
          Standard
          		 v4 View →
          COBIT2019 COBIT COBIT is an enterprise governance and management f... Clause: 4.2 – Align, Plan and Organize (APO) > APO12 – Managed Risk > APO12.02 – Analyze risk.
          COBIT
          Governance Framework
          		 v2019 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
          ISO
          Standard
          		 v2019 View →
          NIST-CSF NIST Cybersecurity Framework (CSF) The NIST Cybersecurity Framework provides high-lev... Clause: GV.RM – Risk Management Strategy | GV.RM-03 – Cybersecurity risk management activities and outcomes are included in enterprise risk management processes
          NIST
          Framework
          		 v2 View →
          NIST80053 NIST SP 800-53 NIST SP 800-53 Rev. 5 presents control families, i... Clause: 3.16 – RISK ASSESSMENT; RA-3 – RISK ASSESSMENT
          NIST
          Control Catalog
          		 vRev. 5 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. CC2.2 – Information and Communication – COSO Principle 14: The entity internally communicates information, including objectives and responsibilities for internal control, necessary to support the functioning of internal control.
          AICPA
          Audit Framework
          		 vLatest View →

          Parent Domain Context

          Governance Domain Baseline
          Domain Name:
          AI Governance & Model Security (AIG)
          Purpose:
          To ensure the trustworthy, secure, and ethical development and deployment of AI.
          Scope:
          Enterprise
          View

          Parent Control Context

          Control Baseline
          Control Name:
          AI Risk & Impact Management (AIG-002)
          Summary:
          Establishes AI risk management including risk assessment, impact assessment, risk treatment, risk acceptance, risk monitoring, reporting, review, regulatory assessment, and continuous improvement.
          Business Description:
          Establish and maintain processes to identify, assess, evaluate, treat, monitor, and report risks associated with Artificial Intelligence systems throughout their lifecycle.
          View