The best tool to support the management of identified risk scenarios is maintaining a risk register, as it provides a comprehensive and structured record of the risk information and decisions, such as the risk description, rating, ownership, response, and status, and facilitates the communication and accountability of the risk management process and activities. The other options are not the best tools, as they are more related to the collection, measurement, or definition of the risk scenarios, respectively, rather than the management of the risk scenarios. References = CRISC Review Manual, 7th Edition, page 101.

Section: Volume A
Explanation:
Section 302 of the Sarbanes-Oxley Act requires corporate responsibility for financial reports to be certified by CEO, CFO, or designated representative.
Incorrect Answers:
B: Section 404 of the Sarbanes-Oxley Act states that annual assessments of internal controls are the responsibility of management.
C: Section 203 of the Sarbanes-Oxley Act requires audit partners and review partners to rotate off an assignment every five years.
D: Section 409 of the Sarbanes-Oxley Act states that the financial reports must be distributed quickly and currently.

Section: Volume D
Explanation