Please enable JavaScript.

Coggle requires JavaScript to display documents.

RISK-BASED AUDITING (In analyzing Business risk IS auditor should have…

- - - - that will better determine the risk model or approach in conducting the audit
        
        risk model assessment can be as simple as creating weights for the types of risk associated with the business and identifying the risk in an equation.
        
        On the other hand, risk assessment can be a scheme where risk has been given elaborate weights based on the nature of the business or the significance of the risk
- - - - reliability,
      - risk prevention
      - and adherence to organization policies and procedures
- - - - • External and internal factors affecting the organization
      - • The organization’s objectives and strategies
      - • Measurement and review of the organization’s performance
      - • The organization’s selection and application of policies and procedures