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Audit Risk Assessment

Our goal is to provide you with a clear, comprehensive understanding of your audit risk level, empowering you to make informed decisions and take proactive steps towards enhancing your financial integrity and compliance.

Upon completion, you'll receive an immediate, personalized assessment that categorizes your risk level as Low, Medium, or High.

Whether you're preparing for an upcoming audit, seeking to improve your internal controls, or simply wish to gain a deeper understanding of your financial health, our Interactive Audit Risk Assessment Tool is your first step towards achieving financial excellence and compliance. Start your journey to audit readiness today, and discover how our expertise can help secure your business's future.

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Category: Audit

1. How many employees do you have?

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2. What industry is your business in?

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3. Which area would you prioritize for improvement in your audit process?

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4. On a scale of 1 to 5, how concerned are you about the risk of financial misstatements or fraud in your business?

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5. Does your business report on ESG initiatives and outcomes?

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6. How integral are ESG factors in your business decision-making?

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7. Are there regular reviews or updates to your governance policies?

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8. Does your business have a written code of ethics or conduct policy?

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9. How would you rate your company's cybersecurity measures?

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10. Does your business utilize cloud-based accounting or financial management software?

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11. Do you fully comply with International Financial Reporting Standards (IFRS) for your financial reporting?

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12. Has your company undergone a tax audit in the past five years?

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13. Does your business have a dedicated risk management team or individual?

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14. How often does your business conduct risk assessments?

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15. Is there a segregation of duties among employees handling finances?

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16. Do you have formal internal controls and procedures for financial reporting?

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17. Have you experienced any compliance audits in the past three years?

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18. Are you in compliance with industry-specific regulations?

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19. How often do you review your financial statements?

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20. Do you use a recognized accounting software for your financial records?

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Category: Audit

21. Kindly share your name and contact information

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