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Uncertainty and the unknown are standard for modern business environments and form the starting point for contemporary risk assurance.
The ROS Risk Model emphasises three critical business features:
Knowledge Management - 'making the best use of knowledge and intelligence'.
Strong Governance - 'effective direction and control'.
The simplicity of Process - 'efficiency and clarity of systems'
The assurance process may become evidence-led when the three core features are in place. Intelligent behaviours, for example, horizon scanning and active threat monitoring, will better manage VUCA (Volatility, uncertainty, complexity and ambiguity) threat and risk.
A risk culture proliferates by focusing on operational evidence when addressing risk. Accompanying professional learning will ensure that workplace behaviours match best practices and will be shared and embedded.
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