Question: How do the internal auditors assess risks? (Recognising the range of risks in the ERP systems being audited; connecting the identified risks with potential applications;

How do the internal auditors assess risks? (Recognising the range of risks in the ERP systems being audited; connecting the identified risks with potential applications; determining the annual cost of each relevant ERP exposure; selecting relevant cost-effective internal controls for the differential ERP exposures;

advising the management on optimal resource allocation;

anticipating and suggesting integrated responses to risks; and providing risk management advice). What are the tools in use?

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