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Traditional Risk Audits The concept is simple but effective. ParkinsonHowe will focus the planning, execution and reporting of risks on key management system processes and business objectives under the audit. |
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ParkinsonHowe understands that it is seldom possible or practical to eliminate a risk to information in terms of confidentiality, integrity or availability. It is however a requirement to operate efficiently and economically and therefore management decisions should be made that balance cost and time implications for security measures, against the probability of an incident that could affect delivery of product, service or jeopardise the security of your business or client information. Risk Process A risk process should ideally identify and display vulnerabilities, weaknesses and shortcomings to the security of the business operation. The risk process should consider risk treatment options and make appropriate recommendations for each risk identified. Risk Exercise Any organisation should carry out a risk treatment exercise at least annually, identifying which areas of concern. This will allow companies to demonstrate to the internal and external agencies the actions that have been taken to identify and ultimately reduce the residual risk to an acceptable business or operational level |
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