Report on the Audit of Travel, Hospitality and Conferences – February 2014
Appendix C – Risk Assessment Guidelines
|Assessment*||Significance Level and Impact|
Immediate Management Attention Required
Monitoring and Mitigation Required
* It should be noted that, in applying the above criteria to a recommendation, the Internal Audit Branch takes into consideration the nature, scope, and significance of the audit finding(s), the impact of the recommendation on the organization, and the auditors’ professional judgment.
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