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Finding Severity

The rating that conveys how serious an audit finding is, based on its risk and potential impact, so stakeholders can prioritize which issues to address first and allocate remediation effort accordingly.

Not all findings matter equally, so severity rating assigns each one a level (such as low, moderate, high, or critical) reflecting the risk it poses, considering likelihood and impact. Consistent severity rating lets leadership prioritize remediation, focus on what matters, and understand the audit's overall risk picture. It must be applied objectively and consistently, since inflated or inconsistent ratings undermine trust in the audit.

Introduced in: Audit and Assurance

Examples

  • Rating a finding 'high' because it exposes sensitive data.
  • Prioritizing remediation by each finding's severity.
  • Applying severity criteria consistently across all findings.

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