VIP SOLUTIONS CASE STUDY
A high-growth midstream oil & gas company did not have a method for identifying and evaluating enterprise risks to support strategic planning activities and focus internal audit efforts.
Implement approach to identify and evaluate enterprise risks of the company.
Incorporate results into the business planning process.
Ensure internal audit plan addresses all significant risks.
Conduct Enterprise Risk Assessment interviewing key members of senior management.
Evaluate and rank operational, financial, HR, legal and compliance risks.
Prepared risk-based internal audit plan.