Risk Audit & Analysis

The aim of this service is to help management define an effective risk assessment methodology. This assessment methodology will provide the auditor and the board with objective information to prioritise the allocation of audit resources - an effective risk-based auditing program that will cover all major business activities for your organisation.

The frequency and depth of each area’s audit varies according to the risk assessment of that area. A risk-based audit program can increase audit efficiency and effectiveness, and will save cost for internal controls and external audits. Phoenix BCP will assist your business to develop written guidelines on the use of risk assessment tools and risk factors, and review these guidelines with the audit committee or the board of directors.

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