How should I prioritize audit findings?
To prioritize audit findings, consider the risk level, impact on operations, and compliance requirements.
What criteria should I use to assess risk?
You can assess risk based on likelihood of occurrence, potential impact, and the effectiveness of existing controls.
Can you give me an example of a high-risk finding?
A high-risk finding could be a significant data breach vulnerability that could lead to major financial loss.
What about low-risk findings?
Low-risk findings might include minor procedural non-compliance that doesn't significantly affect operations.
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