Risks and Controls
This is a situation involving exposure to danger
Risk
This is created periodically to help the company prioritize risks
Audit Plan
These are reviewed objectively.
Business Processes
Internal Audit provides this based assurance.
Risk
First Year Internal Auditors work with this to identify risks and controls.
Management
This has the power to influence the course of events positively.
Control
Risks can be assessed by communicating with employees and by gathering this.
Data
Internal Audit evaluates the efficiency of this and internal controls.
Risk Management Procedures
This customer of Internal Audit is a team of people elected by a corporation's shareholders to represent the shareholders' interests and ensure that the company's management acts on their behalf.
Board of Directors
Assisting with planning of this.
Audits
The process of identifying, monitoring and managing potential risks in order to minimize the negative impact they may have on the organization
Risk Management Process
This is the process of extracting, compiling, and modeling raw data for purposes of obtaining constructive information that can be applied to making decisions in a business.
Data Analysis
Internal Audit assesses the effectiveness of safeguards used to protect against this and fraud.
Theft of the Organization's Assets
Provide this and insight to management
Advice
Participating on this with management at all levels.
Interviews
A system of establishing standards, objectives, methods and measuring actual performance, comparing results, reinforcing strengths, and taking necessary corrective action.
Control Process
The internal audit department makes these on how to mitigate risks and improve operations.
Recommendations
Internal Audit assesses this with relevant laws and regulations.
Compliance
This customer is a person with senior managerial responsibility in a business organization.
Executive
First Year Internal Auditors develop audit reports for them.
Board of Directors
The purpose of risks and controls is to ultimately help a company achieve this.
Objectives
It is important to recalibrate the plan as these evolve.
Requirements and Goals
Provide recommendations to improve internal controls, this, and mitigate risks.
Compliance with Laws/Regulations
Provide recommendations to improve this.
Existing Processes
First Year Internal Auditors get to assist with these types of projects.
Special