Operational Risk and the German Auditing Standard IDW PS 340 n.F.

The RegTech Report

The RegTech Report
Operational Risk and the German Auditing Standard IDW PS 340 n.F.
Sep 29, 2020 Season 1 Episode 27
Karl Viertel, Claudia Howe, Jochen Friedemann

What is required for the German auditing standard, IDW PS 340 n.F.? Karl Viertel and Claudia Howe (Sales Director at Alyne) talk to Jochen Friedemann (Head of Operational Risk at HDI) on operational risk and preparing for audit against such standards. Listen in as they discuss aspects such as risk models, risk assessment (qualitative and quantitative), documentation, communication and tips like talking to the auditor in his/her own language.

This week's Top 3: How to recognise a Big 4 consultant