Risk Control

Essay specific features

 

Issue:

Business

 

Written by:

Vivian K

 

Date added:

October 31, 2014

 

Level:

 

Grade:

A

 

No of pages / words:

4 / 883

 

Was viewed:

1375 times

 

Rating of current essay:

 
Essay content:

The sophistication and formality of risk-based audits may vary depending on the institution’s size and complexity. To determine the appropriate level of audit coverage for the organization’s IT environment, management should define an effective risk assessment methodology. This assessment methodology should provide the auditor and the board with objective information to prioritize the allocation of audit resources properly...
displayed 300 characters

Custom written essay

All essays are written from scratch by professional writers according to your instructions and delivered to your email on time. Prices start from $11.99/page

Order custom paper

Full essays database

You get access to all the essays and can view as many of them as you like for as little as $28.95/month

Buy database access

Order custom writing paper now!

  • Your research paper is written
    by certified writers
  • Your requirements and targets are
    always met
  • You are able to control the progress
    of your writing assignment
  • You get a chance to become an
    excellent student!

Get a price guote

 
 

This assessment methodology should provide the auditor and the board with objective information to prioritize the allocation of audit resources properly. Risk-based IT audit programs should: Identify the institution’s data, application and operating systems, technology, facilities, and personnel; Identify the business activities and processes within each of those categories; Include profiles of significant business units, departments, and product lines, or systems, and their associated business risks and control features, resulting in a document describing the structure of risk and controls throughout the institution; Use a measurement or scoring system that ranks and evaluates business and control risks for significant business units, departments, and products; Include board or audit committee approval of risk assessments and annual risk-based audit plans that establish audit schedules, audit cycles, work program scope, and resource allocation for each area audited; Implement the audit plan through planning, execution, reporting, and follow-up; and Include a process that regularly monitors the risk assessment and updates it at least annually for all significant business units, departments, and products or systems...
displayed next 300 characters

General issues of this essay:

Related essays: