Services / Enterprise Risk Management

Enterprise Risk Management

Risk planning, evaluation of the control environment and substantive procedures, concluding on critical accounting matters.

Risk planning

• Perform risk assessment procedures and identify risks
• Determine audit strategy and identify critical accounting matters
• Determine planned audit approach

Evaluating the control environment

• Understand accounting and reporting activities
• Evaluate design and implementation of selected controls
• Test operating effectiveness of selected controls
• Assess control risk and risk of significant misstatement

Substantive procedures

• Plan substantive procedures
• Perform substantive procedures
• Consider if audit evidence is sufficient and appropriate
• Conclude on critical accounting matter