Risk Management Leads to System Change
The risk management process is designed to identify gaps in internal controls that leave an organization susceptible to risk. The process often results in various tweaks to an organization’s processes and internal controls necessary to mitigate risks to an acceptable level.
Sometimes the underlying problem lies deeper. Boyer & Ritter’s risk management process assisted one organization to identify that their IT system was inadequate. Boyer & Ritter then assisted with the selection and implementation of an IT system better suited to enable the organization to accomplish its operational objectives.