Which document outlines the organization's risk management framework?

The document that outlines the organization's risk management framework is the risk management policy or framework document. This specific document serves as a foundational piece that details the principles, methodologies, and strategies the organization employs to identify, assess, manage, and mitigate risks. It typically includes definitions of risk, the roles and responsibilities of individuals within the risk management process, the criteria for risk assessment, and the processes for monitoring and reviewing risk management practices.

The risk management framework establishes a systematic approach to handling risks, ensuring that the organization effectively safeguards its assets and operations. It is essential for guiding decision-making and fostering a culture of risk awareness throughout the organization.

Contextually, the strategic plan document typically focuses on long-term goals and objectives rather than the specifics of risk management. Financial audit reports provide assessments of financial performance and compliance but do not encompass a broader risk management strategy. The employee handbook primarily addresses policies regarding employment practices and workplace behavior without delving into the organization's risk management processes.