My Reading on ASQ CQA HB Part IV

Charlie Chong/ Fion Zhang
Part IVA8
Conclusion
In lieu of a standard or procedure requiring management of certain risks, the key to a risk management
program is identification and assessment of risks. Risk management tools can be used to monitor and report
risk as well as to identify and assess risks. There are many aspects of a process or organization that represent
a risk. The organization personnel must determine which aspects are significant and must be treated. The
decision to treat or mitigate risk aspects depends on the level of risk the organization is willing to accept. Where
there is a risk management program, auditors may be asked to verify that risk treatments are maintained and
effective. Also, when part of the purpose of an audit, auditors may identify potential risks that need to be
assessed. Risk management is a proactive approach to avoid surprises to the organization that could affect its
sustainability and survival.
Keywords:
• Maybe.
• Where there is a risk management program, auditors may be asked to verify that risk treatments are
maintained and effective. Also, when part of the purpose of an audit, auditors may identify potential risks
that need to be assessed.
Where there is a risk management
program, auditors may be asked to verify
that risk treatments are maintained and
effective. Also, when part of the purpose
of an audit, auditors may identify
potential risks that need to be assessed.