The positive side of the risk
- Change in approach
- Balanced Participation Report
- More complete risk analysis
- Risk-based internal audit planning
Positive Auditing
Positive auditing expands the scope of internal audit assurance services by fostering systematic thinking regarding positive factors—opportunities and strengths—that help achieve organizational goals. It paves the way for innovation and professional growth in alignment with the IPPF professional standards, by identifying the positive aspects of risk (upside risk), confirming their effectiveness, and leveraging them for the organization's success.Furthermore, positive auditing contributes to organizational development by enhancing satisfaction with management's oversight role and emphasizing critical strengths as essential success factors. Internal audit intensifies analysis and observation during sample testing to uncover unexpected insights, which serve as primary drivers for development. This, in turn, boosts the confidence of both internal and external stakeholders in the management’s control efforts.Positive auditing also provides an opportunity to evolve internal audit models by expanding the scope of assurance services within risk-based plans. It introduces new experiences to diverse stakeholders with varying perspectives, collectively creating an environment conducive to the desired professional innovation.