E.17 Ten Universal Business Risks1

  1. Erroneous records and/or information

  2. Unacceptable accounting principles

  3. Business interruption

  4. Government criticism or legal action

  5. High costs

  6. Unrealized or lost revenue

  7. Loss or destruction of assets

  8. Competitive disadvantage and/or public dissatisfaction

  9. Fraud or conflict of interest

  10. Inappropriate management policy and/or decision-making process

1Mair, William C., Wood, Donald R., and Davis, Keagle W., Computer Control and Audit (Altamonte Springs, FL: The Institute of Internal Auditors).

Last modified:
2018-02-21