Techniques to Use for Risk-Based Auditing

One of the key mechanisms for monitoring management system performance is that of internal audits. Management system standards such as ISO 9010, 14001, 45001, 55001 as well as sector-specific standards such as IATF 16949, ISO 13485 and AS 9100 all require that internal audits be conducted, and even provide rudimentary instructions on how to make them risk-based.

In the past such audits were done regularly but often without consideration of the Pareto Principle: Some things (processes, assets, resources) are more important than others. That is, failure of controls in these areas will have a more significant impact on organizational performance that failure of others. And the degraded performance can impact customers, operations, regulatory requirements, employees, financial performance, etc.

Risk-based audits can help address this concern. But there are many different approaches to consider incorporating risk-based thinking in the audit process, and can include activities before, during and after the audit. This webinar will provide an extensive view of the multitude of ways to accomplish this, making the audit process a more highly valued activity.
 

Webinar Objectives

Internal audits utilize resources that could otherwise be more focused on providing products or services to customers. Therefore, it is imperative that this redirection of resources be done in a manner that provides maximum value.

Making sure that audits are conducted using a risk perspective helps accomplish this, as the resources are more focused where the higher risks are in the organization. This can be done at the process, activity, or controls level, as well as throughout the audit cycle.

This webinar will provide attendees with numerous options for conducting risk-based audits, including activities involved in planning, conducting, and reporting.
 

Webinar Agenda

• The advantages of risk-based auditing
• Guidance from the standards on a risk-based approach
• Techniques applicable during audit planning
• Techniques to use during the audit
• Applying a risk perspective to audit findings

Webinar Highlights

• Drivers of risk-based approach to auditing
• Guidance from the standards
• Expansion on the guidance
• Whose risk perspectives to follow?
• Using previous risk assessments
• How metrics and analytics can guide process selection
• Ranking and tracking audit NCs
• Additional recommended resources

Who Should Attend

• Audit program managers
• Auditors of quality, safety, environmental and other management system processes
• Risk management professionals
• Individuals wanting to improve allocation of resources for management system audits