Reporting the activity to the supervisor is the first thing that the risk practitioner should do when learning that a risk owner has been accepting gifts from a supplier of IT products. This is because accepting gifts from a supplier of IT products can create a conflict of interest, compromise the integrity and objectivity of the risk owner, and violate the organizational ethics policies. Reporting the activity to the supervisor can help ensure that the issue is escalated to the appropriate authority, investigated, and resolved in a timely and transparent manner. According to the CRISC Review Manual 2022, one of the key risk response techniques is to report the risk to the relevant stakeholders, such as the supervisor1. According to the web search results, reporting the activity to the supervisor is a common and recommended action when encountering a potential ethical violation in the workplace

According to the CRISC Review Manual (Digital Version), assessing changes in residual risk is the best approach for determining whether a risk action plan is effective, as it measures the impact and value of the risk response actions and controls on the risk level. Residual risk is the risk that remains after the risk response actions and controls have been implemented. Assessing changes in residual risk helps to:
* Evaluate the extent to which the risk response actions and controls have reduced the likelihood and/or impact of the risk to an acceptable level
* Identify and report any deviations, errors, or weaknesses in the risk response actions and controls and their performance
* Recommend and implement corrective actions or improvement measures to address any issues or deficiencies in the risk response actions and controls
* Monitor and measure the effectiveness and efficiency of the risk response actions and controls and their alignment with the organization's risk appetite and risk tolerance
* Update the risk register and the risk treatment plan to reflect the current risk status and the residual risk levels References = CRISC Review Manual (Digital Version), Chapter 3: IT Risk Response, Section 3.2: Risk Response Process, pp. 161-1621

The information classification policy is the most important document regarding the treatment of sensitive data, because it defines the categories and criteria for classifying data according to their sensitivity, confidentiality, and value to the organization, and specifies the appropriate handling and protection measures for each category. Sensitive data are data that contain personal, proprietary, or confidential information that may cause harm or damage to the organization or its stakeholders if disclosed, modified, or destroyed without authorization. An information classification policy helps to ensure that sensitive data are identified and treated in a consistent and secure manner, and that the organization complies with the applicable laws and regulations regarding data protection and privacy. An encryption policy, an organization risk profile, and a digital rights management policy are all useful documents for the treatment of sensitive data, but they are not the most important document, as they do not directly address the classification and handling of sensitive data.
References = Risk and Information Systems Control Study Manual, Chapter 4, Section 4.3.2, page 158