Sales | Retail
Risk-Based Auditing:Preparing for the Unknown “Before everything else, getting ready is the secret of success.” Henry Ford Audits are a waste of time and all you get is more work.
Risks are risks. You accept that when you go into business!
We must be doing something right! Audits are not punitive. Audits are designed to support the adherence to business goals. The audit function has the opportunity to add value to the business when planning and executing audits. One approach that adds value to the enterprise is risk-based auditing. It is surprising to learn that many companies still do not have a fundamental understanding of what constitutes risks within their work environment. If there is an understanding of risk it is performed subjectively to allow multiple interpretations. Not a good approach to holding back or diverting the tsunami on the horizon or right in front of your face. [If you haven’t seen the movie “Margin Call” then get it.] Risk based auditing is a process, an approach, a methodology and an attitude. It is about auditing the things that really matter to the organization and exploring the probabilities and consequences deeper. Software tools are great to make audits more efficient but an understanding of objective fundamentals and application of risk-based auditing will enhance the value of any audit. This session explores risk based auditing using objective tools with fundamental approaches to identify, categorize and act on risk in a proactive approach. TakeawaysBetter understanding of organizational, industrial and generalized risk environment
Ability to identify objective points within seemingly subjective processes and ideas
Added skills in analyzing situations, processes, and decisions for consequences
Risk awareness and ability to classify and address the approach and objective resources
Evaluation tools to better understand the implications and consequences of presented risks
Methodology to review and assess risks within and to your organization Prerequisite
Basic auditing skills Session Duration
½ day; 4 hours Workshop Materials
Risk-Based Auditing 280.00