Risk identified from assignment 1 are as follows:

1) Failure to collect sufficient data 2) Collecting inaccurate data 3) Lack of Data unification Q1. I need to identify the controls for the above risks identified. I have chosen JB Morgan as a business that we are doing auditing. Our concern area is customer data management. Q2. Develop a risk control matrix for our identified risks. The risk control matrix should include at the minimum the following: risk, risk description, process, business objectives, control objectives, control description, control type( preventive, detective, corrective), control frequency and control method (manual, automated, or mixed). We identified risk based on customer data management topic for the JP Morgan bank. Now that we have established our company (JP Morgan) and conducted a risk assessment, we need to identify the controls associated with those risks. For this assignment, each group will do Risk Control Matrix. You will identify the controls related to the risks for your business process. The presentation should, at minimum, cover the following topics: 1) Take the risks identified in Assignment 1 and identify controls associated with your chosen business process. 2) Create a risk and control matrix for your topic. Your RCM should include at a minimum the following: risk, risk description, process, business objectives, control objectives, control description, control type (preventative, detective, corrective), control frequency, and control method (manual, automated, or mixed)