Some Options for Risk Based Auditing

[Jennifer Kirley]

Problem solving can be logically and logistically challenging, especially when involving different departments.

As an alternative, risk based analysis can add objectivity and transparency to the auditor’s decision making process, building a foundation for effective root cause definition and corrective action. This short paper offers some options and tools for risk based audit analysis and performance reporting.

[Kashifbutty2k]

A priase worthy effort.

Keep it up, Jennifer.

[Ajit Basrur]

Originally Posted by Jennifer Kirley

Problem solving can be logically and logistically challenging, especially when involving different departments.

As an alternative, risk based analysis can add objectivity and transparency to the auditor’s decision making process, building a foundation for effective root cause definition and corrective action. This short paper offers some options and tools for risk based audit analysis and performance reporting.

Hi Jennifer,

Great paper

[Jennifer Kirley]

Hi everybody,

I've been asked to give some more information on how to assign risk levels in the audit reporting spreadsheets that Crusader and I attached.

So here is a one-page guideline. Let's keep in mind it is only a guideline, and I am not a RAB certified auditor. Post specific questions in the Cove for better insight than I can provide alone.

I hope this helps!

[curryassassin]

Jennifer,
I am just reviewing my audit process, so this info is SO useful.
Thank you.

[Jennifer Kirley]

Originally Posted by curryassassin

Jennifer,
I am just reviewing my audit process, so this info is SO useful.
Thank you.

You're welcome. This job can feel so subjective, and it can be very hard to describe to non-QA folks what these risks mean so auditees will not feel hocus-pocused. Maybe this sort of thing would help.

[Ajit Basrur]

Originally Posted by Jennifer Kirley

I hope this helps!

Hi Jennifer,

This is a great one page summary and talks much more beyond that one page. It definitely helps

[Jennifer Kirley]

I have now added the little spreadsheet in case anyone wants help with the formulas.