We conducted a corporate risk assessment, using an extended risk analysis process with control effectiveness and potential exposure measures, to assist in developing the company’s Internal Audit Plan.
Creating value from uncertainty
Broadleaf Capital International is a specialist risk management consultancy. Our expert team brings decades of experience, leading methods and a deep understanding of risk and its management. We operate around the world.
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An electricity transmission company commissioned Broadleaf to develop a risk analysis methodology and model to provide it with a sound basis for decisions on the management of the risks associated with its assets igniting bush fires The approach developed is, we believe, unique and was enthusiastically received when it was presented to the company’s executive team this week.
In an organisational setting, risk assessment processes often identify many risks, but managers usually have limited time and resources available for dealing with them. Managers need to be able to set priorities to focus their attention on the areas where the application of effort will produce the most effective risk treatment and assure the effectiveness of controls.