April 28, 2011 - 12:46pm
#1
I need to get started on completing Internal Audit Risk Assessments. I am thinking about completing a risk assessment after each audit this year instead of all at once. That would be very time consuming!Can anyone tell me if you purchased a product or developed your own spreadsheet using the control risks such as Inherent, Transaction, Regulatory etc and risk ratings high, medium or low? Thanks.