In response to the risk assessment ... audit engagements this year. 4. Don’t think it is too late in the implementation process to benefit from tailoring. At our firm, we have formed industry teams ...

The risk assessment standards prohibit the auditor from “defaulting to the maximum” control risk. On all audits the auditor should evaluate the design and implementation of internal ... said AWD audit ...

Knowing what areas to audit and where to commit resources is an integral part of managing the internal audit function. To identify areas of potential risk, each year the Office of Internal Audit ...