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Are you struggling to differentiate between control weaknesses and risks? Want to learn how to identify control weaknesses and write clear risk statements based on real exam scenarios? This video breaks down the essential skills every internal auditing student need to confidently identify control weaknesses and articulate their related risks. 📌 In this video, we cover: 00:00 – Introduction 00:30 – What exposes organisations to risk 01:15 – The difference between control weaknesses and risk 03:20 – The different types of control weaknesses 05:30 – How to identify control weaknesses in a scenario 18:05 – How to identify and write risk statements using control weaknesses 29:40 – Conclusion ✅ Whether you're preparing for an audit, developing your risk register, or studying for a professional exam, this guide will sharpen your ability to analyze controls and communicate risk clearly. 🔔 Don’t forget to like, subscribe, and hit the bell icon for more internal audit and risk management insights! #InternalAudit ,#RiskManagement, #ControlWeaknesses ,#AuditTraining ,#RiskStatements ,#Governance ,#Compliance