Risk Based Audits
Using this method
ParkinsonHowe will provide input on which processes are most
crucial to an organisation's business success. Naturally
this type of audit will focus on achieving and maintaining
performance.
For this type of audit, the organisation with assistance
from ParkinsonHowe typically chooses three to five Focus
Areas, examples of these are:
- business continuity within HR;
- security of networks
These should be related to those
issues, initiatives or actions which have the highest impact
on your compliance success or the greatest potential
business loss if not adequately managed.
Your proposed focus areas will then be reviewed and
agreed with the internal/external auditor, who will then
prioritise within the audit planning process.
The key outcome of this methodology is a tailored risk
review where:
- The reviewer focuses on what is most important
to your organisation;
- Top management feel more engaged in
the audit input and output;
- Personnel in your organisation
are more engaged in the audit process;
- The audit report
gives you feedback on your Focus Areas;
- Audit findings are
related to Focus Areas where possible;
- The audit output
becomes an effective tool for management.
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