7.11: Difference between revisions
From Corrective Action Plan AZ
Created page with "'''Risk Assessment''' '''Principle 7 - Identify, Analyze, and Respond to Risks''' '''Attribute''' '''7.11''' - Based on the selected risk response, management designs controls to effectively mitigate the analyzed risks on a timely basis. If management has chosen to reduce or share a risk, then management designs controls, which may exist within each component of internal control or constitute a specific control activity. Typically, controls are not needed when an entit..." |
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'''Attribute''' '''7.11''' - Based on the selected risk response, management designs controls to effectively mitigate the analyzed risks on a timely basis. If management has chosen to reduce or share a risk, then management designs controls, which may exist within each component of internal control or constitute a specific control activity. Typically, controls are not needed when an entity chooses to either accept or avoid a risk. The nature and extent of risk response actions and any associated controls will depend, at least in part, on the defined level of risk tolerance. | '''Attribute''' '''7.11''' - Based on the selected risk response, management designs controls to effectively mitigate the analyzed risks on a timely basis. If management has chosen to reduce or share a risk, then management designs controls, which may exist within each component of internal control or constitute a specific control activity. Typically, controls are not needed when an entity chooses to either accept or avoid a risk. The nature and extent of risk response actions and any associated controls will depend, at least in part, on the defined level of risk tolerance. | ||
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Latest revision as of 22:03, 15 August 2026
Risk Assessment
Principle 7 - Identify, Analyze, and Respond to Risks
Attribute 7.11 - Based on the selected risk response, management designs controls to effectively mitigate the analyzed risks on a timely basis. If management has chosen to reduce or share a risk, then management designs controls, which may exist within each component of internal control or constitute a specific control activity. Typically, controls are not needed when an entity chooses to either accept or avoid a risk. The nature and extent of risk response actions and any associated controls will depend, at least in part, on the defined level of risk tolerance.
>>>Navigational Buttons<<<
- Index of Attributes
- Previous Attribute - ?
- Next Attribute - ?
