Glossary

Risk assessment

The entire process of risk identification, risk analysis and risk assessment (ISO 31000:2018, paragraph 2.14).

Reasonable insurance

Concept according to which the risk management system, however clearly defined and applied, cannot guarantee the systematic achievement of objectives (COSO 2).

Audit

Methodical, independent and documented process for obtaining objective evidence and evaluating it objectively to determine the extent to which audit criteria are met (ISO 9000:2015 standard, paragraph 3.13.1).

Ethical behavior

Behavior that conforms to accepted principles of right or good conduct in the context of a particular situation, consistent with international standards of behavior...