Being Brilliant with the Basics Series
In our Being Brilliant with the Basics series, we revisit the fundamentals every auditor needs with a new perspective for auditing in 2021. Seasoned professionals and those new to audit can all benefit from being brilliant with these fundamentals.Write your text here
Being Brilliant with the Basics – Risk Assessments
Is risk really understood or evaluated correctly, every time? From a business, not audit, perspective? Business objectives and operating rules—the primary drivers of risk—have to be fully understood to ensure risks are identified and effectively evaluated. Auditors must also understand how velocity, duration and the varying levels of consequence and cause impact risk to effectively assess threats.
This session will help auditors understand how an identified risk can have varying levels of potential consequence and impact and how that understanding and improves our ability to evaluate risks and effectively communicate and facilitate resolutions.