What should an organization do with risks that are deemed acceptable?

When an organization identifies risks that are deemed acceptable, the appropriate course of action is to monitor them periodically. This approach acknowledges that while these risks are not perceived as significant enough to warrant immediate action such as mitigation or transfer, they still possess potential implications that could change over time. Regular monitoring allows the organization to stay aware of any shifts in the risk environment or changes in business objectives that may affect the status of these acceptable risks.

By monitoring, the organization can ensure that it remains prepared to respond if circumstances evolve, and it can proactively manage the risk without becoming complacent. This strategic oversight aligns with the principles of risk management, aiming to balance the costs and benefits of addressing risks with the organization's overall risk tolerance and business goals.