This Project is divided into two pieces, Part A and Part B. In Part A you are the manager of a company and must do a risk assessment on your business objectives. In Part B you are the Internal Auditor and must provide assurance on the risk management work done by the company.
It should contain; a cover sheet, table of contents, details and schedules as laid out in Part A and B below. You should discuss your choice of business with me before you start your project.
Here is the marking scheme for this project;
1.Part A Managements Risk Assessment
Description of the business
Description of the business objectives
Description of the risks to the business objectives
Explanation of the controls to manage the risks
Assessments (assertions) on risk management status
Preparation of schedules / templates

2.Part B Internal Audit Assurance
Review of each risk and control
Audit opinion of each control
Audit summary and conclusions of risk management work done
And i will send word document with all the details