Source: PwC South Africa
PwC has developed a risk assurance framework that includes a combined assurance model to help your business and its board explore where risk lies. This flexible and dynamic model encourages- the board to adopt a broader perspective on risk and resilience and follow a future-facing approach in dealing with it by showing them how they can assess the impact of both known and unknown risks on company strategy. It is something that should form part of all board agendas to enable the board to uncover risks and opportunities that otherwise, they would not have known existed.