This Note focuses on understanding the risk function and its difference from internal audit. It also looks at different types of risks, as well as understanding some basic risk terms, risk identification and risk prioritisation.
In this note, Microfinance is all about managing operations and risk, and therefore requires an efficient monitoring system. IT-based MIS is can therefore significantly enhance the capability of internal auditors.
This video talks about Internal Audit and Risk Management where Pamela Champagne, Consultant, ShoreBank International, discusses the key components of Internal Audit System. She explains the reporting structure of Internal Audit, the staffing required and how to make the audit effective. She further discusses the responsibility of various stakeholders in risk management and how BoD […]