Risk audit

The following Risk & Compliance precedent provides comprehensive and up to date legal information covering:

  • Risk audit

    1. 1


      Date of audit[Insert date of audit]
      Person completing audit[State name and position of person completing audit]
    1. 2

      External risks

      Complete the table below with external risk factors that may affect the business. Any external risks you identify should be added to the risk register.

      Category of external riskSpecific risk(s) identifiedDate added to risk register
      Sector-specific risks[Insert, eg downturn in housing market][Insert date]
      Domestic political risks[Insert, eg government policy to reduce spending on public sector housing, Brexit instability, potential reduction in skilled migrant labour][Insert date]
      International political risks[Insert, eg expected reduction in foreign property purchasers][Insert date]
      Currency risks[Insert, eg reduction in value of pounds sterling affecting cost of imported materials][Insert date]
      Other financial risks[Insert, eg anticipated increase in interest rates depressing demand for new building][Insert date]
      [Insert other external risk category that may be relevant to your business, eg funding][Insert, eg reduction/cessation of PFI initiatives][Insert date]
    1. 3

      Departmental risk questionnaires

      Before you complete this audit, you should request the heads of each department within your business complete a Risk questionnaire.

      Departments that have completed a risk questionnaire[Insert department and date completed]
      [Insert department and date completed]
      [Insert department and date completed]
      [Insert department and date completed]
      [Insert department and date completed]
      Departmental questionnaires outstanding, if any[Insert list of departments]
      Have any individual risks been identified that should be added to

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