What two axes are typically used in a risk control map? Explain what the two parallel dashed
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What two axes are typically used in a risk control map? Explain what the two parallel dashed lines in exhibit 5-16 signify.
Exhibit 5-16
Transcribed Image Text:
Critical RISK SIGNIFICANCE Low Low 1 Critical CONTROL EFFECTIVENESS 2 RISK SIGNIFICANCE Moderate 9 Low 5 High
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The two axes typically used in a risk control map are Risk significance This is a measure of the impact and likelihood of a risk Control effectiveness ...View the full answer
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Related Book For
Internal Auditing Assurance & Advisory Services
ISBN: 9780894139871
4th Edition
Authors: Urton L. Anderson, Michael J. Head, Sridhar Ramamoorti, Cris Riddle, Mark Salamasick, Paul J. Sobel
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