Posted On: Feb 22, 2018
To define the criteria for an organization so that risk rating can be found and ranking for risk rating can be established, Audit Risk Rating is used. As per management feedback, each audible entity is rated in Audit Risk Rating (ARR). ARR can be used to perform the tasks given below:
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Risk control needs to be performed as a part of compliance and regulation practice, it is required to mitigate risk in an organization. A critical part of managing risk in an organization is to defin...