Which of the following is included in the risk identification process?

Risk identification focuses on recognizing events, circumstances, conditions, and sources of uncertainty that could affect achievement of organizational objectives. Therefore, identifying or disclosing all plausible events and conditions that could occur is part of this stage. Evaluation of likelihood and impact occurs later during risk analysis or assessment. Determining whether risks are controllable or screening them according to impact and likelihood similarly represents evaluation rather than initial identification. Effective risk identification should be sufficiently comprehensive to capture strategic, operational, financial, compliance, technology, fraud, and emerging risks before management assesses their significance. The purpose is first to establish what could happen and why; subsequent processes determine probability, consequence, priority, and appropriate response. Therefore, option C correctly describes an activity that belongs specifically to the risk identification process.