Risk based Audit involves a methodology which primarily focuses on the inherent risk involved in the activities or system of a particular organization and provides assurance that risk is being managed within the defined risk appetite level. It is the risk management background of the management; it seeks at every stage to reinforce the responsibility of management for managing risk.
We provide Risk Based Audit to help the risk management function of the company by providing assurance about the risk extenuation. This audit allows us provide assurance to the board that risk management processes are managing risks effectively, in relation to the risk appetite.