Financial Risk Assessment Questionnaire


A financial risk assessment questionnaire helps one to evaluate and identify probable financial risk faced by a company in general or with reference to a particular project. By going through the answers the auditor can find out strategies, suggest remedies and use financial instruments to reduce the company’s exposure to the risk.

Sample Financial Risk Assessment Questionnaire:

Name of company: _______________________

Address: _____________________

Phone Number: ________________

Email id: _____________________________

Type of Project: ____________________

1)   If the cost of the project exceeds its original estimates, has any extra funding been approved?

a)   The original cost estimates have not changed

b)   Current funding is still enough as only a small percentage of the original cost estimates has changed

c)   Additional funding has been requested as a large percentage of the original cost estimates has changed

d)   Additional funding has not been requested although a large percentage of the original cost estimates has changed

2)   When is the authorization for funds going to expire?

a)   Less than 1 year

b)   At the end of 1 year

c)   At the end of 2 years

d)   More than 2 years

3)   Have current expenditures met the amounts allotted for the project?

a)   Yes, current expenditures have been within budget amounts

b)   Except a small percentage, most current expenditures have been within the budget amounts allotted

c)   A relatively large percentage has exceeded budget amounts while the remaining is within the budget

d)   Current expenditures have consistently exceeded the amount allotted and a review of the budget amount needs to be conducted

Category: Finance Questionnaire

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