Step by Step:

1. Navigate to the admin module and the system list screen:

   

2. Audit Desk Importance field controls the risk rating labels in Audit Desk. Defaults are Low, Medium, High & Critical. To edit, enter each option on a new line in the List Items box on the right.

3. The Audit Desk Report Type field controls report categorization. Defaults are Internal Audit & External Audit. To edit, enter each option on a new line in the List Items box on the right.