What should be included in the composite risk assessment?

The composite risk assessment should include a compiled list of possible threats and opportunities because identifying specific risks is essential for understanding the overall risk landscape an organization faces. By cataloging potential threats, such as market volatility, regulatory changes, or cybersecurity issues, and opportunities, such as new market entry or technological advancements, auditors can better evaluate how these factors could impact the organization's financial stability and operational effectiveness.

Including this compilation allows for a comprehensive view that supports strategic decision-making and planning. It helps ensure that the organization not only prepares for potential risks but also capitalizes on opportunities that could enhance performance and profitability.

The other options, while important in their own right, do not encapsulate the broad assessment of risks and opportunities as well as the compiled threats and opportunities do. Financial projections, compliance reports, and employee training materials serve specific functions within an organization but are not comprehensive drivers of risk assessment. Instead, they can be part of the broader risk management framework that feeds into understanding the overall risk profile.