Risk tolerance a year later – building your diverse IA shop for the future
Level : Intermediate
This presentation ties in with the topic chosen as it provides practical, innovative applications for assessing the risk tolerance of an organization as it relates in internal audit. The presentation will build on the presentation at the 2019 National Conference in Toronto; “Going beyond residual risk – What’s your tolerance” by providing future applications a year later. The tool will be summarized and then we will provide examples of the new uses that have been adapted. Not only is this tool applicable to tax administrations and government entities but can also be applied by internal audit shops within the private sector.