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The OpsAudit™ service suite includes a suite
of client-customized assessment services, including Visage's proprietary TenRiskSM
methodology, as described below. The OpsAudit™ service
incorporates TenRiskSM, an assessment of SarbOx compliance
in eleven areas of the Act, as well as assessments of insurance drivers, high-visibility
priorities, and high-priority Board-level action items. The
OpsAudit™ service is substantially unlike typical
audits including operational audits performed by accountants in that it incorporates
the concepts of Business Process Improvement and Enterprise Risk Management in
regard to the operations of the business.
TenRisk SM Methodology
Visage has created a framework for compiling information about the frequency
and severity of risk incidents in ten different areas of corporate operations
- the proprietary TenRiskSM methodology. Visage works with a cross-section of
a company's employees from different functional areas and the senior management team to collect
operational information. The end product is a compilation of the operations'
current levels of risk, frequency of events, mitigation processes in place and
the responsible party assigned to each area.
- Business Operations Risk
Does the company "mind the
fundamentals" and proactively improve its station
over time?
- Personnel and Staffing Risk
Is the organization
fully mobilized and committed to company success?
- Asset Management Risk
Is asset custodianship
up to par?
- Information Systems Risk
Do the information systems contribute to the competitive advantage
of the company?
- Communication Risk
Does the organization know how
to communicate for success?
- Security Risk
Are the company's safety and security practices
adequately protecting its personnel, assets and information?
- Management Risk
Are the managers true leaders for your the organization
and its goals?
- Supply Chain Risk
Is the company at risk for waste
or business interruption via its supply and distribution channels?
- Ethical Risk
Does the company emphasize ethical practices, or is
it at risk because of ethics lapses?
- Reputational Risk
Does the company's reputation serve or hurt the
company, its directors, management and staff?
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