Professional Documents
Culture Documents
CRISTIAN DRAGAN
ABSTRACT
Risk analysis has become in recent years an increasingly widespread practice in all fields, serving in
choosing various possible options within them. Macro models for evaluation have been developed,
incorporating models for managerial options, being complex interactions between these components and
feedback relationships. In these conditions every manager is encouraged to become its own risk manager.
1. INTRODUCTION
2.
Risk analysis is a process in which gross
risks resulting from risk identification
process are grouped, filtered and
prioritized. The purpose of this activity
is to provide detailed descriptions of
organization risk, so that scenarios
concerning the higher risks and the
actions most appropriate for risk control
can be planned and implemented in the
next step of the risk management cycle.
Risk analysis is a dynamic and active
process through which the risks are
identified, analyzed and evaluated, so
that they can provide a basis for future
management decisions.
Risk analysis is not an exact science. By
establishing control activities, risks are
aimed to become medium or low, to
extinction. However the risks must
evolve downwards.
3. Analysis / assessment of risk is an
important stage in the activity of
auditors and it is performed for:
-
4.
5. RISK ASSESSMENT
METHODOLOGY FOR
PREPARING THE INTERNAL
AUDIT PLAN
6.
Internal audit is an activity plan
based on risk assessment tttached to
auditable activities, according to law. Under
these circumstances, public entities
elaborate a multiannual plan 3-5 years to
audit all departments / activities / functions /
programs within the entity of which is
allocated to the annual internal audit plan.
For each mission in the annual work plan is
developed an intervention program on the
spot by the team of internal auditors.
7.
Risk analysis is a very important
procedure used in internal audit missions,
for identifying activity risks developed in an
organisations that can affect the performance
of achieving its basic goals. Based on
analyzing the risks, internal auditors will
audit only those activities with a high risk,
possible with medium risk, in the process of
controls performed on
the entity in the last 3
years- C1
fluctuations in
personnel departments
that will be audited
C2
the period of audit- the
date of the last auditC3
existing departments
reported to the
appropriate entity and
auditing areas - C4
the existence of
qualified human
resources C5
the entity that will be
audited must provide
materials and
calculation techniques
needed foor solving the
tasks- C6
complexity and volume
of tasks performed- C7
the number of persons
employed to perform
the work tasks -C8
the involvement of
general managers in
providing for the hired
staff so they can
accomplish in good
conditions their workC9
the existence of a
request from the unit for
auditing before the term
of 3 years C10
b. Score attribution (percentage)
per each risk criteria, this being
determined by the auditors
24.
results a high risk
( 2,35- 3,00)
32.
33.
34.
35.
A. Establishing the risk criteria for determining the audited units:
36.
Table concerning the selection criteria for determining necessary risks of the
units that will be audited in the current year
37.
N
39. Established
40.
43.
Attribute
d
percentag
e
44. 40%
41.
1
45.
2
49.
3
53.
4
57.
5
61.
6
65.
7
69.
8
73.
9
77.
1
47.
48. 7%
51.
52. 3%
55.
56. 5%
59.
60. 6%
63.
64. 5%
67.
68. 20%
71.
72. 5%
75.
76. 6%
79.
80. 3%
81.
82.
83. Total
84. 100%
85.
B. Realization of an algorithm for determining the audited units
86. Algorithm. For the 10 established criterias on unitis were attributed specific percentage.
87. Grades were given to each criterion( 1,2,3), as follows:
88. Grade 1: Signifies a BIG degree of safety and control
89. Grade 2: Signifies a MEDIUM degree of safety and control
90. Grade 3: Signifies a SMALL degree of safety and control
91. The risks were quantified
92. Intervals necessary for establishing risk were set :
95.
96.
97.
99.
100.
102. 103.
N
TYP
E
S
104.
A
UDITED
SYSTEM
S
105.
NIT
TABEL CONCERNING
U
106.
AUDI
D PERIOD
O
F
F
O
R
A
U
D
I
T
113.
INTER
VA
L
117.
0
125.
1
118.
1
126.
SYS
T
E
M
107.
PE
R
I
O
D
119.
127.
P
ERSONN
EL
REMUN
ERATIO
N
128.
129.
P
UBLIC
ACQUISI
TIONS
120.
130.
C
ounty
Police
Inspecto
rate
121.
4
131.
---------
114.
WOR
K
E
D
D
A
Y
S
122.
5
132.
35
108.
NUMB
ER
S
OF
A
U
DI
TO
RS
A
U
D
I
T
115.
123.
6
133.
-----
124.
7
134.
4
OF
PRODUC
TS,
SERVICE
S AND
WORKS
135. 136.
2
SYS
T
E
M
145. 146.
3
SYS
T
E
M
155. 156.
4
SYS
T
137.
P
ERSONN
EL
REMUN
ERATIO
N
138.
139.
P
UBLIC
ACQUISI
TIONS
OF
PRODUC
TS,
SERVICE
S AND
WORKS
147.
P
ERSONN
EL
REMUN
ERATIO
N
148.
149.
P
UBLIC
ACQUISI
TIONS
OF
PRODUC
TS,
SERVICE
S AND
WORKS
157.
P
ERSONN
EL
140.
E
MERGE
NCY
INSPEC
TORAT
E
141.
---------
142.
35
143.
-----
144.
4
150.
E
MERGE
NCY
INSPEC
TORAT
E
151.
---------
152.
35
153.
-----
154.
4
160.
B
ORDER
POLICE
161.
---------
162.
35
163.
-----
164.
4
E
M
165. 166.
5
SYS
T
E
M
175. 176.
6
SYS
T
E
M
REMUN
ERATIO
N
158.
159.
P
UBLIC
ACQUISI
TIONS
OF
PRODUC
TS,
SERVICE
S AND
WORKS
167.
P
ERSONN
EL
REMUN
ERATIO
N
168.
169.
P
UBLIC
ACQUISI
TIONS
OF
PRODUC
TS,
SERVICE
S AND
WORKS
177.
P
ERSONN
EL
REMUN
ERATIO
N
178.
179.
P
UBLIC
ACQUISI
TIONS
OF
PRODUC
INSPEC
TORAT
E
170.
C
ounty
Police
Inspecto
rate
171.
---------
172.
35
173.
-----
174.
4
180.
E
MERGE
NCY
INSPEC
TORAT
E
181.
---------
182.
35
183.
-----
184.
4
185. 186.
7
SYS
T
E
M
195. 196.
8
SYS
T
E
M
205. 206.
9
SYS
T
E
M
TS,
SERVICE
S AND
WORKS
187.
P
ERSONN
EL
REMUN
ERATIO
N
188.
189.
P
UBLIC
ACQUISI
TIONS
OF
PRODUC
TS,
SERVICE
S AND
WORKS
197.
P
ERSONN
EL
REMUN
ERATIO
N
198.
199.
P
UBLIC
ACQUISI
TIONS
OF
PRODUC
TS,
SERVICE
S AND
WORKS
207.
P
ERSONN
EL
REMUN
ERATIO
N
208.
190.
C
OUNTY
GENDA
RMERI
E
INSPEC
TORAT
E
191.
---------
192.
35
193.
-----
194.
4
200.
B
ORDER
POLICE
INSPEC
TORAT
E
201.
---------
202.
35
203.
-----
204.
4
210.
C
ounty
Police
Inspecto
rate
211.
---------
212.
35
213.
-----
214.
4
215. 216.
1
SYS
T
E
M
225. 226.
1
SYS
T
E
M
235. 236.
209.
P
UBLIC
ACQUISI
TIONS
OF
PRODUC
TS,
SERVICE
S AND
WORKS
217.
P
ERSONN
EL
REMUN
ERATIO
N
218.
219.
P
UBLIC
ACQUISI
TIONS
OF
PRODUC
TS,
SERVICE
S AND
WORKS
227.
P
ERSONN
EL
REMUN
ERATIO
N
228.
229.
P
UBLIC
ACQUISI
TIONS
OF
PRODUC
TS,
SERVICE
S AND
WORKS
237.
P
220.
E
MERGE
NCY
INSPEC
TORAT
E
221.
---------
222.
35
223.
-----
224.
4
230.
P
OLICE
AGENT
S
SCHOO
L
231.
---------
232.
35
233.
-----
234.
4
240.
241.
242.
243.
244.
SYS
T
E
M
ERSONN
EL
REMUN
ERATIO
N
238.
239.
P
UBLIC
ACQUISI
TIONS
OF
PRODUC
TS,
SERVICE
S AND
WORKS
OUNTY
GENDA
RMERI
E
INSPEC
TORAT
E
---------
35
-----
245.
246.
3. REFERENCES:
247.
[1] ALBU, IONEL. AUDITUL
INTERN
I
MANAGEMENTUL
RISCURILOR.
N:
TRIBUNA
ECONOMIC, V. 19, NR. 8, P. 56-60,
2008;
248.
[2]
BRBULESCU,
SEVASTIAN.
GESTIONAREA
RISCURILOR - FUNCIE MANAGERIAL
LA [3] NIVELUL UNEI ORGANIZAII
PUBLICE. N: REVISTA FINANE
PUBLICE I CONTABILITATE, V. 19, NR.
4, P. 24-30, 2008;
249.
[4] BJELIC, ALEKSANDAR.
RISCUL
COMPONENT
A
ORGANIZAIILOR.
N:
TRIBUNA
ECONOMIC, V. 18, NR. 22, P. 25-28,
2007;
250.
[5]CHORAFAS, DIMITRIS N.
MANAGING RISK IN THE NEW
ECONOMY. NEW YORK: NEW YORK
INSTITUTE OF FINANCE, 2001;
251.
[6]CIOCOIU,
CARMEN
NADIA. MANAGEMENTUL RISCULUI:
VOL
1:
TEORII,
PRACTICI,
METODOLOGII. BUCURETI: EDITURA
ASE, 2008;
252.