Control Intelligence

Enterprise Risk Assessment

Annual risk assessment process feeding the internal audit / SOX plan.

Sub-Process Score
58/ 100
Needs Improvement
5/8 responses received
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Control Objectives (1)

ELC-RA-01
COSO P6COSO P7COSO P8COSO P9ICFR.ELC.RA.01IIA IV.9.1
An annual enterprise risk assessment drives the SOX and internal audit plans.
Risk: Risks outside audit coverage go unmitigated.
Assessment Questions (3)
  • 01Risk assessment is performed at least annually.Document
  • 02Results are reviewed with executive management and the Audit Committee.
  • 03Audit plan is refreshed quarterly for emerging risks.