Risk Based Management Audit

Risk management auditing seeks involvement of high-level risk profiling of audits, facilitate strategic resources and ensure smooth running of an organization. It also adheres to risks that arise out of human failure or through breakdown of processes. Thus, risk audit begins with thorough understanding of business and risk exposure areas that result in severe business losses. 

The key steps involved in risk based auditing is aimed at identifying possible risk areas by creating checks and balances to ensure non-occurrence. With our efficient team of professionals we focus on areas of greatest risk and opportunities that add value to your organization. 

We at PZCS are focused towards avoiding, sharing or even transferring risks rather than merely controlling. With our risk based auditing we identify potential risks, evaluate impact and determine likelihood of an occurrence beforehand.

The simplest ways to risk based audit lies in conceptualizing things that really matters to your organization. It involves identifying areas that pose the highest risks.

How PZCS Services Works?

  • Advice on defining risk framework by deciding the best methodology for your organization
  • Evaluate internal control through suggesting major strengthening areas
  • Review existing business processes with a view to suggest best practices
  • Devise an audit strategy on the basis of risk assessment
  • Ensure maximum benefit by ensuring what makes more sense for your organization