Case Study
4
CRSA methodology implementation
Enron, Worldcom, BCCI, Parmlat, names that
possibly conjure up unpleasant images of big business rife with
corporate deception and corruption.
Fortunately the vast majority of businesses are not like this and
place great emphasis on the robustness of their internal control
and business continuity management planning procedures.
The definition and implementation of a risk self assessment methodology,
to determine risks, identify, document and report on control and
continuity mechanisms was 12 month project run out of the UK for
a British multinational.
The project objective was to provide and mechanism and ingrain
risk assessment and control as an everyday element of all business
process and to move the emphasis of responsibility for risk identification
and control recommendation from the company's Internal Audit function
to business management.
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