Specifications include, but are not limited to: The internal auditor will: 1. Perform a risk assessment using techniques to identify risk factors that affect the Commission’s major systems and controls, including but not limited to management and administration, finance and accounting, racing regulation, licensing, wagering regulation, Texas Bred Incentive Programs, enforcement, and information services, and provide written documentation of the assessment. 2. Establish a methodology for assigning risk factors and weights to develop an audit plan that includes prioritized audit work schedule. 3. Develop and audit plan to identify individual audits to be conducted and submit the plan for the commission’s approval. 4. Implement the approved audit plan. 5. Prepare audit reports for review by the Commission’s Executive Director and Commission. 6. Perform other duties as required by Texas Government Code §2102.007.