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Risk and control assessment
Aims of risk and control assessment
Avoiding common risk identification traps
What a risk and control assessment looks like
How to go about a risk and control assessment
Using risk and control assessments in the business
Why do risk and control assessments go wrong?
AIMS OF RISK AND CONTROL ASSESSMENT
The objective of a risk and control assessment is to identify, measure and monitor the risks and controls to which a firm is subject.
The risk and control assessment can be qualitative, quantitative or both. A qualitative risk and control assessment will be based on value judgements such as high, medium-high, medium-low ...
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