Risk Assessment Map and Guide

This risk assessment guide helps to identify and document critical business processes and the internal controls within each process. Combined with facilitated management meetings, this approach can help gain company-wide consensus by including key process owners in risk and controls analysis.

The document includes instructions, a sample risk universe from which management can select the 15 most critical business processes (this can be customized for each business and industry), a sample risk map explaining the concept of plotting risks according to importance to business/financial performance and likelihood of process/control weakness, and a blank risk map to be used for ranking actual risks.

This document should be used as a general guide. Subscribers are encouraged to customize the report so that it reflects specific company practices and business operations.