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Prioritizing risks is key component of audit plan

Assignment Help Basic Computer Science
Reference no: EM132899048

Question 1.

Discuss the importance of: "Identifying and prioritizing risks is a key component of the audit plan". Is there a process to follow?

Question 2.

Discuss this statement: "Establishing baselines and identifying an acceptable level of risk across the environment provides a starting point for the actual audit". How is this statement true? Where would you start your development of a baseline?

Reference no: EM132899048

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