Inherent risk assessment

This research paper endeavors to assess the safety risks inherent in tower crane operations at construction sites in Vietnam. This assessment is conducted from the perspective of various stakeholders involved in tower crane activities, namely managers, operators, and workers.

13p viohoyo 25-04-2024 4 2   Download

Chapter 7 - Inherent risk assessment and materiality. After studying this chapter you should be able to: explain the factors that influence the assessment of inherent risk; explain the auditor’s consideration of the special risk areas of fraud, related parties and the appropriateness of the going concern basis; and explain the concept of materiality.

23p tradaviahe19 29-03-2021 14 2   Download

Chapter 8 - Understanding the internal control structure and assessing control risk. After studying this chapter you should be able to: Define internal control, and explain the audit logic of assessing control risk; understand the concepts of inherent limitations and reasonable assurance with regard to internal control; describe the general objectives of internal control and how the auditor uses them to develop specific control objectives;...

49p tradaviahe19 29-03-2021 11 3   Download

Upgradation and enhancement of the urban seismic risk assessment tool in Vietnam based on the inherent results of the previous studies and the cutting-edge methodology of seismic risk assessment in the world; development of a realistic portrayal of seismic risk for the Hanoi urban area based on the state-of-the-art methodologies for seismic risk assessment and updated dataset.

29p capheviahe27 23-02-2021 18 3   Download

Chapter 7 - Assessing specific business risks and materiality. In this chapter we will discuss: explain why the decision to accept a client is important, and describe the primary features of client acceptance and continuance; indicate the purpose and content of an audit engagement letter; describe the decisions made by an auditor in preparing an audit plan, the knowledge on which the decisions are based and the procedures used to obtain that knowledge.

39p thuongdanguyetan04 18-04-2020 16 1   Download

Chapter 8 - Understanding and assessing internal control. In this chapter we will discuss: explain the factors that influence the assessment of inherent risk; explain the auditor’s consideration of the special risk areas of fraud, related parties and the appropriateness of the going concern basis; and explain the concept of materiality.

61p thuongdanguyetan04 18-04-2020 13 1   Download

Probabilistic risk assessment (PRA) has been used in various technological fields to assist regulatory agencies, managerial decision makers, and systems designers in assessing and mitigating the risks inherent in these complex arrangements. Has PRA delivered on its promise? How do we gage PRA performance? Are our expectations about value of PRA realistic? Are there disparities between what we get and what we think we are getting form PRA and its various derivatives?

10p minhxaminhyeu5 30-06-2019 17 1   Download

In this chapter, students will be able to understand: explain the factors that influence the assessment of inherent risk; explain the auditor’s consideration of the special risk areas of fraud, related parties and the appropriateness of the going concern basis; and explain the concept of materiality.

31p shiwo_ding2 03-04-2019 19 2   Download

In this chapter, students will be able to understand: Define internal control, and explain the audit logic of assessing control risk; understand the concepts of inherent limitations and reasonable assurance with regard to internal control; describe the general objectives of internal control and how the auditor uses them to develop specific control objectives.

62p shiwo_ding2 03-04-2019 28 1   Download

Chapter 6 - Planning the audit; linking audit procedures to risk. This chapter explained the manner in which auditors plan an audit and design audit programs. In this chapter, the learning objectives are: Identify the factors considered by auditors in accepting new clients, explain a CPA's responsibilities when planning an audit, explain how the auditors assess a client's business risk and use these risks to determine inherent risks.

21p nomoney2 10-02-2017 49 3   Download

Community management of patients with organic brain damage can be difficult. They often do not attend appointments. The community nursing team may be able to offer advice and support to the patient. A community care assessment by the social work department may be needed. If drinking continues to be problematic, sometimes patients will agree to an arrangement with their family or their social worker such that, at any one time, they only have access to small amounts of their money.

74p seketnoi 26-04-2013 41 2   Download

In the first year of an internal audit start-up, companies typically do not have a formal baseline from which to evaluate the effectiveness of control activities. As such, the initial risk assessment and audit plan are developed primarily at inherent risk level. Inherent risks are those present in the normal course of conducting business activities. These include external risks such as changes to global, national and economic climates, as well as technological, legal and political changes.

18p doipassword 01-02-2013 55 4   Download

With a solid understanding of the company, its objectives and inherent risks, the auditor must consider the possible impact of the various risks on the achievement of business objectives and the likelihood of their occurrence. By considering both the impact of key risks and the likelihood of occurrence, a risk profile of the organisation can be developed. The risk profile is presented to management and the audit committee using a colour-coded heat map that identifies high, moderate and low risk areas.

28p doipassword 01-02-2013 52 4   Download

It is critical for internal audit to develop a systematic means to analyse risk. Risk is any event that could prevent the company from achieving its business objectives. A risk assessment allows the auditor to consider how potential events might affect the achievement of business objectives. The risk assessment process begins by defining the audit universe. The audit universe includes all of the business units, processes and operations. Next, the auditor must understand the company’s business model within the context of its industry and its key business objectives.

10p doipassword 01-02-2013 46 2   Download

Bond investors should carefully consider risks such as interest rate, credit, repurchase and reverse repurchase transaction risks. Greater risk, such as increased volatility, limited liquidity, prepayment, non-payment and increased default risk, is inherent in portfolios that invest in high yield ("junk") bonds or mortgage backed securities, especially mortgage backed securities with exposure to sub-prime mortgages.

19p taisaocothedung 09-01-2013 55 3   Download