In this Audit webinar/training learn how to Audit Contingency and Business Continuity Plans and need for an effective audit of your contingency and business continuity plans. Having a contingency and business continuity plan is only half of the battle. A key issue is how does your organization know that the contingency and business continuity plan is sound and adequate for your needs? .
Experience suggests that having an improperly conceived or inadequate plan may in many instances be worse that not having one.
How do you determine whether your contingency plan is sound and adequate? The answer is: your organization should conduct an audit of it. This should be preferably done by a different party than the one that was instrumental in conceiving and developing the plan on the grounds of objectivity. It is a simple fact of business life that it is almost impossible for the team that developed the plan to find deficiencies in the plan they authored.
An independent audit of the existing contingency plan is definitely worth the effort. Considering the high cost of developing a contingency plan, serious minded organizations should wisely invest in auditing the contingency plan. The audit could be conducted by an internal audit function or an outside professional service. Your company should identify weakness in their contingency plans before they could be activated.
Experience suggests that having an improperly conceived or inadequate plan may in many instances be worse that not having one.
How do you determine whether your contingency plan is sound and adequate? The answer is: your organization should conduct an audit of it. This should be preferably done by a different party than the one that was instrumental in conceiving and developing the plan on the grounds of objectivity. It is a simple fact of business life that it is almost impossible for the team that developed the plan to find deficiencies in the plan they authored.
An independent audit of the existing contingency plan is definitely worth the effort. Considering the high cost of developing a contingency plan, serious minded organizations should wisely invest in auditing the contingency plan. The audit could be conducted by an internal audit function or an outside professional service. Your company should identify weakness in their contingency plans before they could be activated.
Areas Covered in the seminar:
- The need for an effective audit of your contingency and business continuity plans
- Purpose and scope of an contingency plan audit
- Approaches to audit contingency and business continuity plans
- A general methodology for auditing contingency plans
- Determining and specifying key 'audit' objectives
- Key areas to consider in the audit of your contingency plan
- Should the audit also include an actual or physical test of the contingency plan? If not, what should be an auditor’s role in the actual testing of contingency plan provisions?
- The need for and contents of an audit plan for a contingency plan audit
Who Will Benefit:
- CEOs, CFOs, and line senior executives responsible for company operations
- Corporate and internal audit executives, internal and information system auditors
- Executives responsible for preserving business continuity
- Contingency planning and emergency preparedness professionals
- CIOs, CFOs and any C-level executive that vitally depends on their ability to recover from disasters
- External auditors and consultants in risk management and contingency planning
- IT and quality assurance professionals
- Chief Risk managers and Chief Security Officers (CSOs) and professionals
- Records Management professionals
- Legal Counsel, Human Resources and Public and Community Relations
- Compliance and Regulatory Mandate officers/professionals
Course Provider
Javier Kuong,
