A Must Read for CFOs and Internal Audit Professionals: Risk Re-assessment post COVID-19!
Enterprise Risk Assesment The COVID-19 outbreak incident surfaced in Dec 2019 and the condition has continued to evolve throughout after April 30 th , 2020. The lockdown has eased in certain parts of the country based on the zone ratings. However, the overall risk remains high. Finance & accounting along with internal auditing will have to undergo a sea of changes to keep up with this pandemic. This publication covers key areas to be considered during and after the pandemic by CFOs and Internal Audit professionals. 1. Pandemic risk not covered as part of Enterprise Risk Assessment Your Company is not the only one who has not covered the pandemic as part of the ‘Enterprise Risk Assessment’. However, you must need to response faster now. Below are the key actionable strategies for such a scenario: · C...