BUSINESS RISKS
INTERNAL & EXTERNAL
CONTROL ENVIRONMENT RISKS -
INTERNAL
(Within Area Audited)
Skills
Behavioral skills
Budgetary constraints
Capacity
Integrity of personnel
Management judgements
Ethical climate
Management pressure to achieve results
Management philosophy
Operating style
Organizational structure
Communication methods
Tenure/turnover, etc.
INTERNAL/EXTERNAL
(Within Organization, Outside Area Audited)
Corporate culture
Tone at the top
Organizational structure
Communication methods
Authority and responsibility
Personnel management
Strategic plan
Resource allocation
Mergers, acquisitions
Reengineering, etc.
EXTERNAL RISKS
Government regulations
Economy
Lawsuits
International events
Acquisition
Adverse publicity
Shareholders
Vendors/suppliers
Industry
Technology
Competition
"Near Miss" strategy
Earthquake/flood/fire, etc.
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Audit Services Tel:615-790-9858 Fax: 209-797-7983 PO Box 681387, Franklin, TN 37068