Now is the time for audit, risk, and compliance functions to lead the way in identifying and assessing new and emerging risks. Download our whitepaper, “Building a Post-Pandemic Future: 3 Tools for Assessing Current and Emerging Risks,” to learn 3 procedures that form the foundation of an effective pandemic response and recovery plan, including the Top 10 Risks to consider when performing a risk assessment in today’s uncertain environment.
(COVID-19) Pandemic Risk Assessment
The Coronavirus (COVID-19) pandemic is not only a global health crisis of immense proportion, but also points to an imminent restructuring of the global economic order.
Organizations that can successfully identify current and future challenges and implement effective mitigation plans will experience the quickest path to recovery once the crisis begins to dissipate. Now is the time for audit, risk, and compliance functions to lead the way in shaping a plan for successful recovery from the COVID-19 pandemic.
Charting A Path To The New Normal
One question that is top of mind for most audit, risk, and compliance leaders managing the business impact of the pandemic is: How do we chart a path to the new normal once the crisis has passed?
This whitepaper, “Building a Post-Pandemic Future: 3 Tools for Assessing Current and Emerging Risks,” details approaches to the following 3 procedures, which form the foundation of an effective pandemic response plan:
- Perform a business impact assessment to get a pulse on crisis management
- Perform a control impact assessment to validate critical controls and identify potential control failure as a result of the pandemic crisis
- Identify and assess new and emerging risks that threaten the business’s top strategies, including the Top 10 Risks to consider
It also introduces AuditBoard’s Pandemic Assessment Toolkit, which provides three ready-to-use pandemic assessment program templates, and details how the AuditBoard platform can help you manage each phase of pandemic response and recovery.
Download our free whitepaper, “Building a Post-Pandemic Future: 3 Tools for Assessing Current and Emerging Risks,” below to learn how audit, risk, and compliance professionals can lay the foundation today for a successful recovery from the COVID-19 crisis.
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Anand Bhakta is Sr. Director of Risk Solutions at AuditBoard and a cofounder and Principal of SAS. He has over twenty years of audit and advisory experience. Anand spent 8 years at Ernst & Young prior to SAS, and has served as a trusted advisor for numerous internal audit and management executives. Connect with Anand on LinkedIn.