RichifyNow
Free RichifyNow Resource

Business Risk Audit Checklist

The download is a master business risk register covering financial, legal, contract, operational, people, vendor, cybersecurity, privacy, property, reputation, concentration, liquidity, and continuity risk. It scores each risk before and after controls, places every scored risk on a five-by-five grid, counts how many scores actually moved once controls were applied, and shows which categories you have not written anything into yet.

Download the registerHow to use it

What this resource contains

A working risk register that scores risks before and after controls, then shows what the controls really moved.

  • Category, asset or process, threat, vulnerability, and the event itself
  • Likelihood and impact from one to five, with the inherent score
  • Existing controls and how effective they actually are
  • Residual score after controls, banded low to critical
  • Owner, response, action, due date, status, and last review

Who should use it

It is intended for founders, freelancers, and small-business operators running an internal risk review; it is not a substitute for legal, tax, insurance, or cybersecurity advice.

Preview: The download includes the example fields listed here, ready for you to customize with your own information.

How to use the template

  1. Start with the thirteen categories already listed and name a real event under each, or write a line saying why there is none.
  2. Score likelihood and impact on one consistent scale rather than one per person.
  3. Describe the control before claiming its effectiveness: a percentage with nothing behind it reduces the score just as much as a real control.
  4. Give every risk above moderate an owner, an action, and a date.
  5. Check the heat map for scores that did not move once controls were counted, and review the register quarterly.

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Frequently asked questions

What is the business risk register?

It is a free RichifyNow template designed to make risk review more consistent and easier to document.

Who should use this resource?

It is designed for beginners, founders, independent professionals, and small teams. Adapt the fields to your circumstances and seek qualified advice where decisions involve regulated financial, legal, tax, insurance, or security matters.

Do I need special software?

The download uses a common spreadsheet or CSV format. You can open it in Microsoft Excel, Google Sheets, Apple Numbers, or another compatible spreadsheet application.

How often should I update it?

Review it quarterly and after a major operational change. A template is most useful when its assumptions, owners, dates, and next actions remain current.

Does the template guarantee a result?

No. It is an educational planning tool, not a guarantee of income, returns, savings, compliance, or risk reduction. Results depend on your information, decisions, execution, and circumstances.