Week 3 - Links to Planning

Question 1

What is the first way proper planning can help us identify and assess potential inherent, control and detection risks?

Answer 1

Understanding the business

Question 2

What is the second way proper planning can help us identify and assess potential inherent, control and detection risks?

Answer 2

Understanding the systems and processes of the organisation

Question 3

What is the third way proper planning can help us identify and assess potential inherent, control and detection risks?

Answer 3

Analytical review

Question 4

What is the fourth way proper planning can help us identify and assess potential inherent, control and detection risks?

Answer 4

Determining the team and skill sets required

Question 5

What is the fifth way proper planning can help us identify and assess potential inherent, control and detection risks?

Answer 5

Understanding the purpose of the audit