We are pleased to provide an update on the progress of Working Group 19 (WG 19) and the development of a Draft International Standard (DIS) centered around assessing risks related to records. The DIS ballot is currently underway, representing a significant milestone in the advancement of this initiative.

The main objective of this International Standard is to help organizations evaluate risks related to their records, ensuring that the records continue to meet identified business needs for as long as necessary. It provides a comprehensive set of guidelines and methods to assist in conducting effective risk assessments for records management.

Key features of the International Standard include:

No matter the size, activities, or complexity of an organization, this International Standard can be utilized by all. It takes into account various factors, such as the regulatory requirements governing the creation and control of records under which an organization operates. Additionally, it recognizes the intricate structures, partnerships, contractual arrangements for outsourcing services, and supply chains commonly found in modern government and corporate entities.

An essential initial step in the records risk assessment project is identifying the organization's boundaries. This involves defining the scope and determining the extent to which the assessment will be conducted. Understanding the organization's boundaries enables effective risk assessment.

It's important to note that this International Standard does not directly address how to mitigate risks, as methods for risk mitigation can vary among organizations. However, it serves as a valuable resource for records professionals, individuals with records responsibilities within their organizations, auditors, and managers overseeing risk management programs.

We're excited about the progress made by WG 19 in developing this Draft International Standard. As the Draft International ballot progresses and we receive valuable feedback, we're confident that this International Standard will significantly improve records risk assessment practices across various sectors.

Stay tuned for further updates on the development and finalization of this important International Standard by WG 19.