This guide presents a detailed approach to enterprise risk assessment methodology for internal audit plan development.

During this process, it is important to gain an overall understanding of the overall “tone at the top” and its control environment. The following items are integral to this effort: six interrelated factors facilitate linkages and drive the internal audit plan and periodic (quarterly) recalibration of the internal audit plan to reflect change. This sample provides guidance in the following areas: customizing a retail risk model, sourcing value models, analyzing the business, and identifying business goals and objectives.