The purposes of the audit committee are:
Management conducts a formal risk assessment of its institution to be approved by the audit committee.
The Chief Audit Executive was charged with the task of researching and determining what products were available to conduct a risk assessment. The Chief Audit Executive selected the "Crawford Risk Analysis Tool." The Crawford Tool is a series of linked excel spreadsheets with embedded macros, that, based on management's input, produce various risk assessment documents.
If you have questions regarding the Risk Assessment Process or a specific question about the Risk assessment tools, please contact an Internal Audit Representative.