You have been recruited recently to work in the Accounting team at Himalayan Tours. The Finance Director, Kirandeep Singh is impressed by your good work. Kirandeep is also the head of the internal audit committee. Kirandeep gives you a copy of the external risk auditors report and asks you to prepare practical and costeffective suggestions to improve Himalayan Tours Risk Management Plan.
She says to you:
You are a quick learner and have good leadership potential. I want you to join our internal audit committee. At the st you attend, the top priority item to discuss will be the external risk auditors report.
I am extremely busy preparing the Annual Financial Report, so I need you to help me by preparing a draft email to the Board of Directors with practical and costeffective suggestions on how we can improve our Risk Management Plan, in response to external risk auditors report.
This is a good opportunity for you to impress to the Board members with your skills in evaluation and communication. This may help you to gain a promotion. Begin the email formally, and take care to use your best written expression for example:
Dear Board Directors
In response to the external risk auditors report, the internal audit committee recommends the following practical and costeffective actions to improve...
Apply the ALARP model As Low as Reasonably Practical to develop and explain to the Board of Directors practical and costeffective action plans to improve the management of the key risks, A to E identified in the external audit.
Risk A: Mutating Covid infections and other pandemics
Risk B: Airline disaster
Risk C: Cybersecurity threat
Risk D: Hired bus is suddenly unavailable
Risk E: Reputation damage
