This toolkit is designed to help the individual auditor deal with risk in the internal auditing process and audit management deal with risk in the annual planning process. Risk assessment follows guiding principles whilst remaining adaptable to the resources and information needs of each organisation's internal audit staff. Includes:

• Section 1 Overview: A description of the toolkit and an introduction to risk
• Section 2 Risk Assessment: The three step process of assessing risk
• Section 3 Assessing Risk in Auditable Units: Performance Standard 2201
• Section 4 Building the Annual Audit Plan: Performance Standard 2010
• Section 5 Organisational Risk Assessment and Consulting Projects
• Section 6 Documenting and Reporting on Risk Assessment

There is no "one best way" to conduct a risk assessment however the toolkit will help you to identify the easiest, most effective processes in use for most common situations.

Minimum Requirements
Wndows®98/Me/NT/2000/XP
Adobe®Acrobat Reader 5.0
Microsoft®Word
Microsoft®Excel