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What does R stand for?

R stands for Risk Assessment

This definition appears very frequently and is found in the following Acronym Finder categories:

  • Military and Government
  • Science, medicine, engineering, etc.

See other definitions of R

Samples in periodicals archive:

The new standards are expected to enhance the application of the long-standing audit risk model and improve the quality of audits because they specifically require auditors to: * have a more comprehensive understanding of the client's business and its environment, including its internal control; * perform a more exacting assessment of the risk of material misstatement resulting from such understanding; and * perform procedures that more clearly link the risk assessment to the decision of what audit procedures to perform, and when.
FREDERICTON -- New Brunswick's Child Death Review Committee urged the provincial government to increase risk assessment of children in provincial care when an additional adult begins to reside in their residence, and when potential harm might occur to the child by an animal housed in or around the residence.
To examine this issue, 124 senior auditors and managers were asked to make inherent risk and control risk assessments on eight cases which varied four inherent risk factors and the results of control testing.