Control Risk Self Assessment
- Control Risk Self Assessment
- CRSA
A *risk assessment methodology in which an organization’s employees identify and assess areas of *risk and *control for which they are responsible. Control Risk Self Assessment (CRSA) mechanisms include the use of *questionnaires or the gathering of information through interviews, workshops, and brainstorming exercises. CRSA can take many forms, though it tends to concentrate on the identification and assessment of risks and related *internal controls. Although CRSA processes involve risk assessments made by an organization’s employees, the concept is often promoted by an organization’s *internal audit function: "It is likely that internal audit will need to facilitate and monitor CRSA if it is to survive and prosper" (Chambers, 2002, 311). The term is sometimes abbreviated to Control Self Assessment (CSA).
Further reading: Hubbard (2000); Hubbard (2003)
Auditor's dictionary.
2014.
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