IAM011 – 5 Non-traditional Internal Audit Risk Assessment Sources

Easter Egg

We all know the traditional internal audit risk assessment approach – interview management and employees.  But are you looking for other inputs to insure there are not things management missed and as the result, risk being blindsided?

Here are five non-traditional risk assessment sources:

  1. Read the 10K and Proxy Statement
  2. Review the Disaster Recovery/Business Continuity Plans
  3. Discuss Risk with Peers At Other Companies
  4. Discuss Business with Vendors and Partners
  5. Research on Google, Social Media

Bonus: Listen to water cooler talk

2 Comments

  1. Hamad said:

    It is interesting topic I do appreciate your efforts

    November 22, 2014
    Reply
    • allan said:

      Thank you, Hamad.

      November 23, 2014
      Reply

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