ICFR Risk Assessment Form
Complete this ICFR Risk Assessment Form to evaluate internal control over financial reporting risks and controls. Please answer each section carefully.
Process or Area Assessed
*
Describe the Key Risk
*
Risk Likelihood
*
Very Low
1
2
3
4
Very High
5
1 is Very Low, 5 is Very High
Risk Impact
*
Negligible
1
2
3
4
Severe
5
1 is Negligible, 5 is Severe
Control Activity Description
*
Control Effectiveness
*
Ineffective
1
2
3
4
Highly Effective
5
1 is Ineffective, 5 is Highly Effective
Control Owner
*
Control Frequency
*
Please Select
Daily
Weekly
Monthly
Quarterly
Annually
Other
Overall Risk Rating
*
Low
Medium
High
Action Plan / Remediation Required
Submit Assessment
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