Which of the following is NOT a step in the risk assessment process?

The correct answer reflects a misunderstanding of the risk assessment process; identifying information systems is actually a fundamental part of conducting a risk assessment. The process starts with identifying the context, which often includes understanding what information systems are in place, as they play a crucial role in assessing potential risks associated with them.

In a typical risk assessment process, one begins by identifying the organization's assets, including its information systems. This help sets the groundwork for evaluating vulnerabilities and threats, which are critical to determining the overall risk. The subsequent steps involve evaluating these risks against business objectives and considering any necessary risk mitigation strategies.

Therefore, while identifying business objectives is essential because it aligns the risk assessment with the organization's goals, and reevaluation is a critical ongoing activity, recognizing and defining the information systems involved is an indispensable step that informs the overall risk landscape and its subsequent analysis.