Archive about 'Risk Management'
Tweet Append below the audit steps on Staff Loan Other Debtors-Staff Loan Obtain a schedule of loans/advances to employees, including directors and test as follows: · Test authority for loans granted during the year · Check interest calculations and trace postings to nominal ledger · Test amounts repaid with cash book or salary records as […]
Tweet This article deals with what’s continuous audit, the situation requiring continuous audit and drawback of performing continuous audit: Continuous Audit: Is one in which the auditors are engaged throughout the year or at a frequent intervals in the checking of the accounts of the clients. Situations where continuous audits are preferred: Management able to […]
Tweet In earlier article, we understand the many benefits accrued from managing risk. In this article, we move on to understand the different type of risk, a business can be involved with. Broadly speaking, risk can be grouped into the following type: TYPES OF RISK 1.0 Market Risk which relates to business environment, industry, […]
Tweet It is imperative that we should understand the importance of risk management. In fact there are numerous benefits derive from proper risk management. Lets look at some of the following benefits: BENEFITS OF MANAGING RISK/RISK MANAGEMEN Once we have established a sound risk management culture into the organisation’s business framework, it promote productivity […]