Introduction to COSO framework

[@ntcuong01ct1]

Dear friends, hope you can help distinguish this confusion: in Internal Audit, the task is to improve the rigor and prevent risks of the process, while other departments also have a risk management process. their own. So where is the difference of risk identification in internal audit? Thank you.

[@auditstrategy8249]

Your point is correct that each department have their own risk identification and management then what is the role of audit here, where is the thin line. Infact the responsibility is pretty clear. Audit is 3rd line and gives an independent view, also does risk identification to highlights risks which management has not considered. E.g. sales is more concern with sales figures but cash recovery is equally important. Audit and RMD gives that entity level view of risk horizon to the board and top management

[@Oturakane2228]

0:14 hii