Minimising auditor’s legal liabilities

1) Limited liability to involve a contractual and contributory negligence limit. 2) Joint and several liability to be removed in favour of proportional liability according to name not ability to pay. 3) Lawyer of losing party to pay legal costs Read More …

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Stakeholder Involvement

Involving stakeholders in risk management practices is key since they may have input to risk identification and assessment processes. Some of the key stakeholders that may be involved include: 1. The B.O.D – Senior management is charged with managing the Read More …

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Disaster Recovery Planning (DRP)

It is a subsidiary of business continuity which focuses on advanced planning and preparation necessary to recover essential operations, sites, function, systems and resources of the organization in the event of catastrophic failure or disruption. Benefits of DRP 1. Identification Read More …

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