Risk Assessment Audit Work Program free download

Download free Risk Assessment audit program, this audit program could be used for assess, at a high level, and validate key controls in place for the risk assessment component of the COSO framework. Inadequate or ineffective controls in this area may give rise to financial and operational risks.

Risks addressed in this audit work program include:

* Management does not have a business planning process in place that examines existing objectives and establishes new objectives when necessary.
* Management has not established business plans and budgets with realistic goals, and incentives for achievement of plans are not balanced.
* Objectives are not communicated at the appropriate levels and are not understood and adopted by the responsible parties.