Risk Assessment Seminar
Assessing risk in today's environment is very difficult and vastly different than it was yesterday.
The audit universe looks entirely different today and the way we "cut it" impacts our risk prioritization.
Risk assessment is necessary if we are to audit effectively, efficiently and economically.
The risk assessment methodology used needs to be comprehensive and used to "drive" you to the business areas with the highest degree of risk.
Your risk assessment results should dictate your resource needs
RISK & MANAGEMENT
DECISIONS & RISKS
BALANCING CONTROLS & RISK
What are they?
What do they look like?
Evaluating & Measuring
Starting & Stopping
THE "NEAR MISS" METHODOLOGY
LIFE CYCLE OF A RISK EXPOSURE
BUILDING YOUR RISK ANALYSIS PLAN
TIEING RISK TO THE AUDIT PROCESS
RISK ASSESSMENT MODELS