A risk profile is a summary of the risks that an organization faces and their likelihood and impact. Consistently recording risk assessment results in the risk register can help improve the accuracy of risk profiles by providing a reliable and up-to-date source of information on the current risk situation, the risk response actions, and the residual risk levels. A risk register is a tool that captures and documents the risk identification, analysis, evaluation, and treatment processes2. A risk register can also facilitate risk communication, monitoring, and reporting2.

Assessment of organizational risk appetite, compliance with best practice, and accountability for loss events are not the primary benefits of consistently recording risk assessment results in the risk register. These are possible outcomes or objectives of risk management, but they do not directly depend on the risk register.