Impact

Impact Consideration

Low

Financial impact likely to be less than $75,000 in terms of direct loss or opportunity cost.

​Internal Control: ​Control weaknesses, which could result in potential insignificant loss resulting from workflow and operational inefficiencies.

An issue that requires no or minimal amount of senior management/Board effort to manage such as:

  • Minimal impact on strategy

  • Disruption to normal operations with no effect on achievement of corporate strategy and objectives

  • Minimal reputational sensitivity.

Legal/Regulatory: ​Regulatory breach with minimal consequences.