preview

Questions On Risk Assessment Survey Essay

Good Essays

1) Department, areas, and processes were determined by meeting with key management (column A & B). These meetings were documented and saved under the folder Process Meeting Memo 's located at L:Fraud and Security EnforcementInternal AuditRisk Assessment2017Process Meeting Memo 's.
2) Impact for Risk Assessment Survey Financial, Operational, Compliance, and Fraud (column D, E,G & H) is determined by using the corresponding impact questions (1-4) from a Risk Assessment Survey send to management in charge of the associated process. The Risk Assessment Surveys are saved under the folder Risk Assessment Survey located at L:Fraud and Security EnforcementInternal AuditRisk Assessment2017Risk Assessment Survey 's.
3) Strategic Impacts (column F) are determined through discussion with Senior Management, Management, and Internal Audit judgments. These meetings were documented and saved under the folder Process Meeting Memo 's located at L:Fraud and Security EnforcementInternal AuditRisk Assessment2017Process Meeting Memo 's. Additionally, process improvement projects of high strategic important to an area was discussed with the Commissioner and Chief of Staff 20 was added to these area. 10 added for areas of management concerns (15 for areas with multiple management concerns), 10 added for areas of major concern to Internal Audit using professional judgment, and/or 10 added for major process that are the core function of the organization.
4) Average Impact (column I) averages the

Get Access