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#1629402 - 11/16/11 09:19 PM ining
etm614 Offline
Platinum Poster
etm614
Joined: Jan 2003
Posts: 695
Massachusetts
Could someone share the categories that they use in determining the risk ratings for each area to be audited that then feeds into development of the annual aduit plan? For example, strength of internal controls, etc. Thank you.

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#1631609 - 11/22/11 08:37 PM Re: ining etm614
deeb Offline
Member
Joined: Aug 2002
Posts: 72
MI
We use:

Overall Operational Risk
Overall Credit Risk
Overall Market Risk
Liquidity (Funding)
Legal and Compliance
Reputational
Strategic Risk

We then factor in:
Financial Statement Impact
Operational Impact
_________________________
Dee

CAMS, CRCM

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