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Chapter 2
Understand and
Risk mapping assess scale of risk
6.1 Risk maps (also known as assurance maps)
Prepared by the Board, the Risk Committee, the Audit Committee and senior
management from various departments.
Can provide a framework for prioritising risks in the business.
Impact/consequence
Low High
High Further analysis Highest priority
required?
Probability
/likelihood
Low Risks can probably Further analysis
be accepted required?
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