Download this audit report sample for an overview of organizational risks and an audit plan that addresses risks to strategic objectives.

Sample risk assessment steps include gaining an understanding of industry trends and current environmental risk through discussions with internal auditor personnel with industry experience; gaining an understanding of the company’s strategic objectives and key initiatives by attending the company’s annual strategic planning meeting; redefining the audit universe based on organizational structure, critical projects and other functions; and brainstorming, identifying and defining risks and key areas of concern related to objectives and the audit universe.