(A) The Finance Department will identify, analyze, and respond to the risks identified in § 34.21 by determining:
(1) How likely the risk is to occur;
(2) How it will impact the objective;
(3) If the risk is based on complex or unusual transactions; and
(4) If the risk is based on fraud.
(B) Once each risk has been identified and analyzed, the Finance Department will work with department heads to determine how to respond to each risk with a specific solution and action.
(Ord. 12-2016, passed 12-20-2016)