Sofema Aviation Services (SAS) www.sassofia.com considers best practices related to the performance of Risk-Based Audits. Considering The Value of a Risk-Based Audit Approach A risk-based approach to internal audits allows for assessment of the relevant importance of the particular activity or area within the business in the context of the performance of each area to…

Introduction to Risk-Based Auditing presented by Sofema Aviation Services (SAS) www.sassofia.com Definitions Risk-based Oversight (RBO): A way of performing oversight, where: planning is driven by the combination of risk profile and safety performance; and execution focuses on the management of risk, in addition to ensuring compliance. Risk Profile: The elements of risk that are inherent…