INTERNAL AUDIT RISK REGISTER TEMPLATE

BUSINESS
AREA BEING IRCA - CAM
AUDITED

AUDITOR

DATE
OF LAST
UPDATE

IMPACT PROBABILITY PRIORITY

RISK ID NO. CATEGORY RISK DESCRIPTION IMPACT DESCRIPTION MITIGATION STRATEGY OWNER ROOT CAUSE CATEGORY ONSET TIMEFRAME
LEVEL LEVEL LEVEL

(IMPACT X Choose from drop-down menu.

Rate Rate What can be done to lower or
Choose from drop- What will happen if the risk is not PROBABILITY) - FAST: Likely to occur with little or no warning
Give a brief summary of the risk. 1 (LOW) to 1 (LOW) to eliminate the impact or Who's responsible? Choose from drop-down menu.
down menu. mitigated or eliminated? Address highest - MODERATE: Likely to occur within 2 to 4 weeks.
5 (HIGH) 5 (HIGH) probability?
first. - SLOW: Likely to occur in four weeks or more.

Compliance 3 3 9

Compliance
RISK REGISTER SCALE

5 5 10 15 20 25
PROBABILITY

4 4 8 12 16 20

3 3 6 9 12 15

2 2 4 6 8 10

1 1 2 3 4 5

1 2 3 4 5

IMPACT