Risk modeling or risk analysis is often used in conjunction with - TopicsExpress

Risk modeling or risk analysis is often used in conjunction with development of long-range engagement work schedules. The key input in the evaluation of risk is (((Judgment of the internal auditors))) Matters to be considered in establishing engagement work schedule priorities include an updated assessment of risks and effectiveness of risk management and control processes. Risk is the probability of an event occurring that will have an impact on the achievement of objectives. Thus, in assessing the probability of risk of a long-range engagement work the judgment of the internal auditor is required. منقوووول

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