Home For AAT student members AQ 2013 AAT Level 4 (Level 8 in Scotland)

ISYS - Net Likely Impact?

fishdalffishdalf New MemberAAT Student Posts: 13
Currently doing my report plan for the project and a little stumped on something quite small, of all the things I could get stuck on.

What is the difference between impact and net likely impact in the Fraud Matrix?

In impact I've been writing (high) it could have an impact on profits, or it puts accounting records at risk, but what do I do with net likely impact?

Thanks

Answers

  • stefanGstefanG Registered Posts: 4
    I believe impact means the effect it will have on the company if it happened. The Net Likely Impact i believe is the likelihood of it happening including the damage it will have. so if its high likelihood but minor impact it will have a medium net likely impact.
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