All organizations faces strategic / operational risks on a day to day basis. To manage these risks appropriate mitigating actions must be put in place so that the residual risk level is within the organization’s risk appetite level. Therefore, it is critical to have regular reviews on the effectiveness of said controls to ensure risk levels are still properly mitigated. Operational reviews are typically part of an organization’s annual internal audit plan, though projects can arise on ad-hoc basis too.
OMNIA Advisors can assist in the following:
- Perform operational risk assessments to identify key areas of focus
- Execute operational audits and reviews
- Operational Process Improvement
- Assist Internal Audit functions with their annual audit plan