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2023 Agenda Audit and Risk July Open Notice of MeetingF19/13/03D21/2618212 July 2023Audit and Risk Committee Notice is hereby given that the Audit and Risk Committee of Council will be held in the
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Understand the audit requirements and scope.
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Review relevant documentation and procedures.
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Identify and assess potential risks.
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Develop a compliance plan to address any gaps or issues.
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Execute the compliance plan and document all actions taken.
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Conduct regular audits to ensure ongoing compliance.

Who needs audit compliance and risk?

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Organizations in regulated industries such as finance, healthcare, and manufacturing.
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Any business that wants to ensure transparency and accountability in their operations.
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Audit compliance and risk is the process of ensuring that an organization is following all necessary regulations and protocols to mitigate potential risks.
Certain organizations, usually regulated industries or publicly traded companies, are required to file audit compliance and risk reports.
Audit compliance and risk reports are typically filled out by compliance officers or auditors within the organization.
The purpose of audit compliance and risk is to assess and address any potential risks that could negatively impact the organization's operations or reputation.
Audit compliance and risk reports usually include information on internal controls, risk assessments, and compliance with regulations.
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