Report on the Audit of the Delegation of Financial Authorities – February 2014
APPENDIX B – Risk Assessment Guidelines for Audit Recommendations
|Assessment||Significance Level and Impact|
Immediate Management Attention Required
Monitoring and Mitigation Required
It should be noted that, in applying the above criteria to a recommendation, the Internal Audit Branch takes into consideration the nature, scope, and significance of the audit finding(s), the impact of the recommendation on the organization, and the auditors' professional judgment.
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