Identifying Risk Scenarios - Evidence Explanation

Understanding what auditors expect for this evidence requirement is crucial for SOC 2 success. This Identifying Risk Scenarios - Evidence Explanation clarifies exactly what documentation you need and how to present it effectively. Risk management is foundational to SOC 2 compliance, required by multiple Trust Service Criteria. Auditors expect documented risk assessment processes, risk treatment decisions, and evidence of ongoing risk monitoring. This template provides a systematic approach to identifying, analyzing, and mitigating risks to your systems and data. It includes frameworks for risk scenario development, likelihood and impact assessment, and risk acceptance criteria that align with SOC 2 requirements. Many organizations struggle with demonstrating continuous risk management—this template ensures you have the documented processes auditors need to see. This evidence explanation clarifies exactly what auditors are looking for, common mistakes to avoid, and best practices for presenting this evidence during your SOC 2 audit. It's designed to demystify audit requirements and give you confidence in your compliance preparation.