Internal auditors should complete the above actions which are considered fundamental to the audit process. Comment on this statement

Assignment Select one business process with a specific business objective and perform the following: Document five activities of this process using both narrative and process maps. . For each activity, identify 3 business risks. Conduct the risk assessment based on the 3 classifications of impact and likelihood. (Exercise your judgement for assessing risks and diversify your risk ratings) Draw the risk assessment model. Identify at least one control per risk Document the technique for assessing each control Assess the effectiveness of controls by exercising your judgment. Draw the risk control map and decide the required action for each risk