Risk Based Internal Auditing A Complete Guide - 2020 Edition. Gerardus Blokdyk

Risk Based Internal Auditing A Complete Guide - 2020 Edition - Gerardus Blokdyk


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defined?

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      119. What is the context?

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      120. Has/have the customer(s) been identified?

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      121. How do you gather the stories?

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      122. Is Risk based internal auditing required?

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      123. Has a team charter been developed and communicated?

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      124. What was the context?

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      125. Are roles and responsibilities formally defined?

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      126. What are the boundaries of the scope? What is in bounds and what is not? What is the start point? What is the stop point?

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      127. What are the Roles and Responsibilities for each team member and its leadership? Where is this documented?

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      128. How can the value of Risk based internal auditing be defined?

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      129. What information do you gather?

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      130. What defines best in class?

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      131. What are the Risk based internal auditing use cases?

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      132. What are the compelling stakeholder reasons for embarking on Risk based internal auditing?

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      133. How do you build the right business case?

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      134. Does the scope remain the same?

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      135. Has a Risk based internal auditing requirement not been met?

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      Add up total points for this section: _____ = Total points for this section

      Divided by: ______ (number of statements answered) = ______ Average score for this section

      Transfer your score to the Risk based internal auditing Index at the beginning of the Self-Assessment.

      CRITERION #3: MEASURE:

      INTENT: Gather the correct data. Measure the current performance and evolution of the situation.

      In my belief, the answer to this question is clearly defined:

      5 Strongly Agree

      4 Agree

      3 Neutral

      2 Disagree

      1 Strongly Disagree

      1. What are your primary costs, revenues, assets?

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      2. What tests verify requirements?

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      3. How do you verify if Risk based internal auditing is built right?

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      4. Will Risk based internal auditing have an impact on current business continuity, disaster recovery processes and/or infrastructure?

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      5. How can you manage cost down?

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      6. Are you aware of what could cause a problem?

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      7. How do you aggregate measures across priorities?

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      8. How can you reduce costs?

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      9. What causes investor action?

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      10. What disadvantage does this cause for the user?

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      11. When should you bother with diagrams?

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      12. What are the strategic priorities for this year?

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      13. What does losing customers cost your organization?

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      14. What measurements are possible, practicable and meaningful?

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      15. How can you measure the performance?

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      16. Are actual costs in line with budgeted costs?

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      17. Are there competing Risk based internal auditing priorities?

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      18. What methods are feasible and acceptable to estimate the impact of reforms?

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      19. What are the costs and benefits?

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      20. How sensitive must the Risk based internal auditing strategy be to cost?

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      21. How are measurements made?

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      22. What are allowable costs?

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      23. Do the benefits outweigh the costs?

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      24. Are you taking your company in the direction of better and revenue or cheaper and cost?

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      25. Are missed Risk based internal auditing opportunities costing your organization money?

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      26. Where can you go to verify the info?

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      27. When are costs are incurred?

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      28. What is the total cost related to deploying Risk based internal auditing, including any consulting or professional services?

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      29. What measurements are being captured?

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      30. How will effects be measured?

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      31. Are supply costs steady or fluctuating?

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      32. What details are required of the Risk based internal auditing cost structure?

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      33. What are the current costs of the Risk based internal auditing process?

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      34. What harm might be caused?

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      35. Does the Risk based internal auditing task fit the client’s priorities?

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      36. How do you measure efficient delivery of Risk based internal auditing services?

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      37. Is the solution cost-effective?

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