Entity Risk Assessment (Subscriber)
This is one of the more recent procedures that audit firms are requiring to confirm that companies have a system in place to review any type of fraud or other financial or operational error risk factor that the company may face. This procedure along with the related risk assessment Excel worksheet matrix provides the framework for your specific company to review areas of weakness or susceptibility to any financial, reporting, operational or fraud risk.
This is one of the more recent procedures that audit firms are requiring to confirm that companies have a system in place to review any type of fraud or other financial or operational error risk factor that the company may face. This procedure along with the related risk assessment Excel worksheet matrix provides the framework for your specific company to review areas of weakness or susceptibility to any financial, reporting, operational or fraud risk.
This is one of the more recent procedures that audit firms are requiring to confirm that companies have a system in place to review any type of fraud or other financial or operational error risk factor that the company may face. This procedure along with the related risk assessment Excel worksheet matrix provides the framework for your specific company to review areas of weakness or susceptibility to any financial, reporting, operational or fraud risk.