Components
Governance and Leadership
Relevant Ethical Requirements
Acceptance and Continuance
Engagement Performance
Resources
Information and Communication
Monitoring and remediation process
Within the context of the CSQM framework, there are a total of seven Risk Assessment Components. After a thorough evaluation, I have determined that a range of 5 to 8 highly relevant questions per component is sufficient to encompass the risk exposure within the framework, resulting in a comprehensive set of 38 questions. This decision is grounded in my professional CPA judgment, reflecting a balanced approach that ensures coverage without unnecessary complexity. Additionally, I have prepared a strategic inventory of supplementary questions, allowing for flexibility to enhance the framework if further depth is deemed necessary. This approach aligns with my commitment to precision and adaptability, and I will continue to monitor and adjust the framework as required to maintain alignment with professional standards and best practices.