Database Reference
In-Depth Information
Risk assessment is performed at least once a year by InFission Chief Audit Executive
to determine the scope of audit activities
Conduct quantitative risk assessment
Oracle GRC Intelligence provides a number of out of the box dashboards to conduct
quantitative risk assessment. A few commonly used dashboards are included in
this section.
Risk rating is determined by reviewing the prior year's Risk and Controls status by
Account and Process. You can navigate to the
Risk Mitigation by Risk and Process
Type
dashboard in Oracle GRC Intelligence, and select the account dimension
and chart view to view the risk by account. In the following example,
Account
Level 2 Name
may represent the
Current Liabilities
account on the balance sheet
where the risk rating for
Accrued Liabilities
,
Breach of Security
, and so on can be
analyzed based on impact and likelihood.
Process Count
,
Key Control Count
, and
Subordinate Control Count
are displayed in the following dashboard to adjust risk
rating based on previous year's risk of control failure:
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