Audit Services Risk Profiling Template (8 slides)
Profiling risks related to the internal audit function
The audit services risk profiling tool (8 slides in PowerPoint) provides a template to help identify and assess organizational risks that are of concern to the internal audit function. The identification of these risks could be used as input to the development of the internal audit plan. Examples of such risks include: the organization not being in compliance with legislation and policies; fraud or misuse of public funds; program delivery not meeting program objectives; exceedng funding allocations; difficulty recruiting and retaining qualified audit staff.
A summary risk template can be used to identify organization risks and mitigation measures that would need to be assessed in terms of impact, likelihood, trend, and priority based on the mitigation gaps (see risk summary template in the preview chart images).
Templates are also provided for more detailed profiles or descriptions of the risks identified, including the risk owner, risk description, risk drivers, evidence of the scope of the risk/ risk indicators, impact, likelihood, trend, existing mitigation measures, mitigation gaps and actions required, and priority (see example of detailed risk profile in the preview chart images).
If you acquire this tool, you will receive an email with a link to download the template (8 slides) in a PowerPoint fully editable format.
Many of the risks identified in the risk profiles for the other functions would also be of concern at the organizational level. Examples of these risks can be viewed under the Organizational Risk Profiling collection.