Focus on Risk Enterprises, LLC

To magnify our customers' success by focusing on risk.

is the most important role in any organization. Focus on Risk Enterprises utilizes a practical approach to Governance designed to make the vice presidents in any company be successful in accomplishing their business objectives and to effectively manage business risk.

is responsible for ensuring that the right amount of internal control is in place to ensure that risks that threaten the organization's ability to accomplish its objectives are managed to within the limits approved by Governance.

is the day to day processes and systems that run the business. The amount of control that is built into detailed processes should be a function of how much risk Governance is prepared to take, not what is in a checklist produced by an outside organization.

is much more than just testing detailed controls in financial processes...Focus on Risk Enterprise's will show your Assurance function how to dramatically reduce the cost of internal auditing while significantly improve productivity and value.

Audit Value Quiz

Assurance
» Audit Value Quiz

Audit Value Quiz

Welcome to the Focus On Risk Enterprises Website.

Now that you are here, take this FREE audit value quiz to see how much value you are creating in your company:

Rate each statement using the scale below:

1 = Not at all

2 = A little bit

3 = Somewhat and Sometimes

4 = We’re getting better

5 = We’re very good at this

1. All our audit reports include the dollar cost to complete the audit.

2. We commit to a specific date to deliver our audit report or presentation.

3. We commit to a specific cost for which we will complete our audit work.

4. We assess the contents of every audit report/presentation against the dollar cost to complete the work.

5. Our work is focused on the risks that threaten a Vice President’s ability to be successful in accomplishing their business objectives.

6. Our audit managers spend a lot of their time discussing risk and control issues with the Vice Presidents of the company.

7. We spend most of our time addressing Accomplished Objectives and Economy and Efficient Scope of Work risks.

8. Several auditors have been promoted out of the audit department in the past year.

9. There are more people in the company wanting to transition into internal audit that there are positions available.

10. We spend a lot of our time on control consulting helping various groups in the company improve their internal controls.

If you scored:

Above 35 – Congratulations! You are in great shape from a value perspective. Keep up the good work.

20 – 35 – You are moving down the right path but have a lot of room for improvement.

Below 20 – The future of your audit department is at risk. As an overhead cost function you are probably not demonstrating value greater than the cost of operating the audit department.

If you are below 35, please jump to the RBIA page for more information on how the next Risk Based Integrated Auditing ^TM seminar can provide you with some ideas to help you to significantly improve your productivity and dramatically improve your value to your company.

Click here to learn more about RBIA

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Focus On Risk Enterprises, LLC P.O. Box 941803, Houston, TX 77094-8803

Focus on Risk Enterprises, LLC is registered with the National Association of State Boards of Accountancy

(NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of

accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org.

©2012 Focus on Risk Enterprises, LLC