You work for Australia Wide Taxations Solutions—a company of 1,500 employees offering taxation
services in different cities across the country. The company offers five services: personal taxation, small business taxation, corporate services, personal wealth creation and corporate asset management.
You have been asked to work with the team conducting a risk assessment for the entire organisation.
It is working in a highly regulated and legislated industry.
How will you identify the risk management scope—what things do you need to look at? What challenges does a scope of this size pose and how would you approach the risk assessment process?