1. Concepts of the Risk-Based Approach
They are conducted by more seasoned analysts and the measures applied depend on the outcome of the analysis, (Răşinar). ... The understanding framework of risk-based approach includes: control of the environment, analyzing information system, entity risk assessment process, monitoring of control activities, and control of activities relevant to the organization. ... These two complementary approaches and approaches are performed on a continuous basis to allow the activation of virtuous circles in which the system is adapted by taking into account the evolving patterns of the ris...
- Word Count: 1603
- Approx Pages: 6
- Has Bibliography
- Grade Level: Graduate
