7.02 - Revision history

Neil thibodaux at 21:46, 15 August 2026

2026-08-15T21:46:29Z

← Older revision		Revision as of 21:46, 15 August 2026
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	* '''[[Index of Attributes]]'''		* '''[[Index of Attributes]]'''
	* '''Previous Attribute - 7.01'''		* '''Previous Attribute - 7.01'''
	* '''Next Attribute -7.03'''		* '''Next Attribute - 7.03'''
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Neil thibodaux at 19:47, 15 August 2026

2026-08-15T19:47:02Z

← Older revision		Revision as of 19:47, 15 August 2026
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	'''>>>Navigational Buttons<<<'''		'''>>>Navigational Buttons<<<'''
	* '''[[Index of Attributes]]'''		* '''[[Index of Attributes]]'''
	* '''Previous Attribute - ?'''		* '''Previous Attribute - 7.01'''
	* '''Next Attribute - ?'''		* '''Next Attribute -7.03'''
	__FORCETOC__		__FORCETOC__

	=== '''No Examples''' ===		=== '''No Examples''' ===

Neil thibodaux at 19:46, 15 August 2026

2026-08-15T19:46:35Z

← Older revision		Revision as of 19:46, 15 August 2026
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	'''Attribute''' '''7.02''' - Management identifies risks throughout the entity on a periodic and ongoing basis to provide a basis for analyzing risks. Risk is the possibility that an event will occur and adversely affect the achievement of objectives. Risk assessment is the identification and analysis of risks related to achieving the defined objectives to form a basis for designing risk responses. Periodic risk assessments are performed at specific times and at regular intervals, such as annually. Management considers entity objectives, risk tolerances, and other factors when determining the scope and frequency of these assessments. Ongoing risk assessments are performed as needed, on a real-time basis, such as when significant internal or external change occurs or significant emerging risks are identified. Management also considers performing ongoing risk assessments when internal control deficiencies, improper payments, potential fraud, or information security breaches are detected.		'''Attribute''' '''7.02''' - Management identifies risks throughout the entity on a periodic and ongoing basis to provide a basis for analyzing risks. Risk is the possibility that an event will occur and adversely affect the achievement of objectives. Risk assessment is the identification and analysis of risks related to achieving the defined objectives to form a basis for designing risk responses. Periodic risk assessments are performed at specific times and at regular intervals, such as annually. Management considers entity objectives, risk tolerances, and other factors when determining the scope and frequency of these assessments. Ongoing risk assessments are performed as needed, on a real-time basis, such as when significant internal or external change occurs or significant emerging risks are identified. Management also considers performing ongoing risk assessments when internal control deficiencies, improper payments, potential fraud, or information security breaches are detected.

			'''>>>Navigational Buttons<<<'''
			* '''[[Index of Attributes]]'''
			* '''Previous Attribute - ?'''
			* '''Next Attribute - ?'''
			__FORCETOC__

			=== '''No Examples''' ===

Neil thibodaux: Created page with "'''Risk Assessment''' '''Principle 7 - Identify, Analyze, and Respond to Risks''' '''Attribute''' '''7.02''' - Management identifies risks throughout the entity on a periodic and ongoing basis to provide a basis for analyzing risks. Risk is the possibility that an event will occur and adversely affect the achievement of objectives. Risk assessment is the identification and analysis of risks related to achieving the defined objectives to form a basis for designing risk..."

2026-08-15T19:46:14Z

Created page with "'''Risk Assessment''' '''Principle 7 - Identify, Analyze, and Respond to Risks''' '''Attribute''' '''7.02''' - Management identifies risks throughout the entity on a periodic and ongoing basis to provide a basis for analyzing risks. Risk is the possibility that an event will occur and adversely affect the achievement of objectives. Risk assessment is the identification and analysis of risks related to achieving the defined objectives to form a basis for designing risk..."

New page

'''Risk Assessment'''

'''Principle 7 - Identify, Analyze, and Respond to Risks'''

'''Attribute''' '''7.02''' - Management identifies risks throughout the entity on a periodic and ongoing basis to provide a basis for analyzing risks. Risk is the possibility that an event will occur and adversely affect the achievement of objectives. Risk assessment is the identification and analysis of risks related to achieving the defined objectives to form a basis for designing risk responses. Periodic risk assessments are performed at specific times and at regular intervals, such as annually. Management considers entity objectives, risk tolerances, and other factors when determining the scope and frequency of these assessments. Ongoing risk assessments are performed as needed, on a real-time basis, such as when significant internal or external change occurs or significant emerging risks are identified. Management also considers performing ongoing risk assessments when internal control deficiencies, improper payments, potential fraud, or information security breaches are detected.