Risk Assessment Process & Control Matrix | Fundamentals of Internal Auditing | Part 9 of 44

What are some key questions that internal auditors should think about when engaging with their clients to ensure risk assessments are done well. Well, there are a variety of risk assessment elements and issues that auditors need to consider when doing their job. In this episode of Fundamentals of Internal Auditing you'll learn about the risk assessment process, potential risk factors, and the risk control matrix.

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[orobleh]

Great presentation . I learned a lot on the complexity of risk and risk analysis. Thanks

[larissalvvasconcelos]

Thank you for the great video. I have a question about the risks related to business objectives, particularly in the section discussing the risk control matrix. Shouldn't the risks be described as "unauthorized personnel gaining access to transaction processing systems" or "lack of segregation of duties"? Isn't financial loss considered an impact rather than a risk?