Assessing your risks

TeamRisk is a powerful risk assessment tool that works the way you do, letting you decide what works best as you design, perform and report your risk assessment.

• Design your risk assessment to mirror your organisation
• Capture Custom Measure values for the organisation under review
• Once assessments have been performed, an easy to use, graphic-rich project selection wizard guides auditors in the identification of higher risk entities and functions which need to receive audit attention
• TeamRisk’s heat-map formatted Audit Universe Viewer makes it easy to identify Organisational Units and Business Processes that require audit attention

TeamRisk assists auditors in creating risk assessments that are compatible with the following auditing standards:

• Institute of Internal Auditors: “Standards for the Professional Practice of Internal Auditing”
• Basel Committee on Banking Supervision: “Internal Audit in Banks and the Supervisor’s Relationship with Auditors”
• COSO Report: “Internal Control – Integrated Framework”
• The King Code of Corporate Practices and Conduct 2002
• Turnbull Committee

For more information about TeamRisk, please visit our Audit, Risk and Compliance solution ARC Logics.