Proposed Project Details

Project #3

Risks Touched Upon By Project

Internal Audit response

Fraud risk mitigation enhancements: We will work with management to identify areas which should be considered for enhanced mitigation controls in light of process, operational, cultural and environmental changes related to the pandemic.

Perspective:

Project Focus:

We will work with management to provide input into Covid-19 initiated fraud risk identification and mitigation plans in place as well as to review other possible areas for management's consideration in the current and evolving environment.

Approach:

We recognize that such operations are in a state of flux and our input may be best served in current state analysis and conversations with management to identify potential considerations as to how to proactively identify risks and mitigate risks. There will be no testing as part of this project. We will focus on working with management to proactively identify the risks and potential controls from our perspective for management consideration. This should enable management to have a more comprehensive solution.

Reporting:

Our report will differ from the traditional format and be a memo reporting a summary of which areas we considered and high level recommendations for management consideration.