A control objective has been related to a risk statement and they've been scoped with the same entity type. What can we expect to occur?

When a control objective is related to a risk statement, and both are scoped with the same entity type, it establishes a direct link between the risks and the controls designed to mitigate those risks. This relationship is crucial in the Risk and Compliance framework as it allows for the effectiveness of controls to be assessed in the context of specific risks.

As such, a control that is applicable to the same entity as the control objective will be recognized as a mitigating control for the registered risk associated with the risk statement. This means that the control is specifically designed to address or reduce the threats posed by that particular risk. The established relationship informs processes such as risk assessment and reporting, as well as compliance monitoring, which helps organizations manage their risk exposure more effectively.

In this context, identifying controls and linking them to relevant risk statements is essential for a robust risk management strategy. The systematic relationship ensures that when risks are evaluated, the controls are also taken into consideration, enhancing the organization's ability to mitigate potential negative impacts effectively.