Internal Audit - Risk / Control Self Assessment 

Many leading organisations are recognizing the benefits of proactive risk management.  Our IA group can assist management in designing and carrying out an risk/control self assessment (R/CSA) exercise to be used as the basis for promoting awareness of internal control and risk amongst senior management and as a basis for future internal audit planning.  A streamlined version of an R/CSA exercise can include only a risk assessment review. 

Typical reasons for this service: 

• Management do not have awareness of risk management.
• Management do not understand the risks they are facing in their business.
• The company has not documented, prioritised nor quantified the risks of their business.
• Management make no effort to forecast or predict where problems could arise.
• Annual audit plan is not prepared based on the results of a risk assessment.