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Ultimately the auditor's job is to measure the effectiveness of an organization's controls against the standards set for those controls. The value comes at two levels. First, the gut check provided by the auditor has the effect of periodically drawing attention to the issue of risk management ensuring that existing controls are applied effectively, if even only for a short while. The second comes from the education and awareness gained from the interactions between a risk minded professional and managers primarily focused on driving business results.
But what happens when the audit is done and the auditor moves on? Are audits really effective for keeping things in line and up to date? Wouldn't it be better to be a part of the process rather than coming in after the process? Could we make audits more timely as well as more effective, efficient, and economical?
The Fusion Framework™ system provides your organization with a "living audit" -- essentially a risk profile that is continuously monitored, updated, and managed so that the audit process can go more smoothly, take less time, and provide more value. With active risk profiles for all critical entities, access to controls and evidence to support their effectiveness, are only a click away.
The time has come for a proactive risk management model that better leverages the professional skills of all managers, including auditors so that the collective energy can go toward mitigating risks rather than standing up an audit.
The Fusion Framework enables you to focus on the areas of risk that have been addressed, the desired state that management is striving to achieve, and the prioritized list of mitigation strategies and projects identified to close the gaps between where the organization is today and its desired state.
For any type of audit you need to conduct, the Fusion Framework enables you to match your organization's operational risk management practices to the questions you need to answer. By assigning accountability and monitoring progress, you are able to focus on ongoing risk management activities and evaluate those practices that are already in place. By monitoring activities in highly critical areas you can efficiently focus on ensuring that mitigation measures are implemented effectively.
Through the Fusion Framework, Fusion brings together IT Risk Management, Governance and Compliance in terms of business objectives to deliver a framework for understanding and assessing IT and operational risk management practices throughout your organization.
The Fusion Framework - Simply, Better!
Learn more about Fusion Risk Management
Contact Fusion Risk Management today to schedule an executive briefing.
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