Facilitated team workshops are a risk assessment approach that involves gathering data from work teams representing different levels of an organization. This method encourages collaboration and open discussion among team members, allowing for a comprehensive identification and evaluation of risks from various perspectives within the organization. It helps in capturing a wide range of insights and facilitates consensus on risk priorities, making it a valuable tool for effective risk assessment.
References:
The Institute of Internal Auditors (IIA) Practice Guide on "Risk Assessment in Audit Planning"
COSO Enterprise Risk Management Framework
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