Risk Assessment

Overview:The entity identifies and assesses changes that could significantly impact the system of internal control. Action Items:1) Create a vendor management policy and related procedures and publish to the company intranet for employees to access.2... Read More

Overview:The entity considers the potential for fraud in assessing risks to the achievement of objectives. Action Items:1) Create a risk assessment policy and related procedures that outlines the organization's risk assessment approach and... Read More

Overview:The entity specifies objectives with sufficient clarity to enable the identification and assessment of risks relating to objectives. Action Items:1) Create a risk assessment policy and related procedures that outlines the organization's... Read More

Overview:The entity identifies risks to the achievement of its objectives across the entity and analyzes risks as a basis for determining how the risks should be managed. Action Items:1) Create a risk assessment policy and related procedures that... Read More