You work for Australia Wide Taxations Solutions—a company of 1,500 employees offering taxation services in different cities across the country. The company offers five services: personal taxation, small business taxation, corporate services, personal wealth creation and corporate asset management. It is working in a highly regulated and legislated industry.

You have been asked to work with the team conducting a risk assessment for the entire organisation.

1. How will you identify the risk management scope?
2. Outline at least three things you need to look at.
3. List three challenges that a scope of this size could pose.
4. Briefly describe you would approach the risk assessment process.

Answer rating: 100% (QA)

How to identify the risk management scope 1 Establish context of the organization this include determining defining goals and objectives of the organi... View the full answer