A risk inspection or assessment survey is not an audit. A risk assessment is a method used to identify weaknesses which might prevent a business unit from achieving its goals and objectives. Part of the process is to identify the activities of the business unit and determine what could prevent the area from achieving its goals or mission.
A risk assessment is a process that assigns a score to risk based on impact and probability. Risk assessments can be performed on a single function within a major function, or they can be performed on a major function within a larger division.
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