Not Reporting Risks as Audit Issues – Will perform Advisory Instead?

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1. It seems like you’re raising a point about the distinction between reporting risks as Audit issues and taking an advisory approach instead. It’s important to recognize that both methods serve unique purposes within an organization.

   When risks are reported as Audit issues, the focus is often on compliance and controls, allowing the organization to address gaps in its processes or systems. This can lead to remediation efforts that strengthen overall governance and risk management.

   On the other hand, approaching risks through an advisory lens can provide more flexibility and a collaborative environment. Advisory services can enable teams to innovate while still addressing potential risks proactively. This approach fosters engagement and can enhance the willingness of stakeholders to act on identified risks.

   Ultimately, the decision on which route to take should be based on the organization’s specific context, the nature of the risks involved, and the desired outcomes. Finding a balance between these two approaches could be key to effective risk management. What are your thoughts on how best to navigate this balance?

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