What is consequence in SAP GRC-AUD - SAP Audit Management?

SAP Term: consequence

• Component: GRC-AUD

• Component Name: SAP Audit Management

• Description: The risk or exposure the organization or others encounter because the condition what is is not consistent with the criteria what should be. The consequence is the effect, or what can happen as a result of the current condition.

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• Key Concepts: 
  Consequence is a term used in SAP Audit Management to refer to the potential impact of a risk or issue. It is used to assess the severity of a risk or issue and determine the appropriate response. Consequences can range from minor to severe, and can include financial, operational, legal, and reputational impacts.
  
  How to use it: 
  In SAP Audit Management, consequences are used to assess the severity of a risk or issue. The consequence of a risk or issue is determined by evaluating the potential impact it could have on the organization. This evaluation should take into account any financial, operational, legal, and reputational impacts that could result from the risk or issue. Once the consequence has been determined, an appropriate response can be determined.
  
  Tips & Tricks: 
  When assessing the consequence of a risk or issue, it is important to consider all potential impacts it could have on the organization. This includes any financial, operational, legal, and reputational impacts that could result from the risk or issue. Additionally, it is important to consider any potential long-term impacts that could result from the risk or issue.
  
  Related Information: 
  For more information on SAP Audit Management and how to use consequence to assess risks and issues, please refer to SAP’s official documentation on GRC-AUD SAP Audit Management.