Risk Assessment

Risk management promotes awareness and understanding of risk-taking throughout the University. It can inform decision making and enable prioritization of activities and resources based upon risk. It can also help the University, or individual units, identify areas for enhanced controls, process improvement, or other mitigation activities.

The Internal Audit Office created an automated Risk Assessment model to develop and implement a framework that guides members of AUC community in taking informed risks. Leveraging existing risk management models and identifying areas where such processes can be enhanced, we assist administrators, offices, and academic and research departments, as well as individual members of the University community in incorporating appropriate risk management into their activities.

The types of risks on a campus-like AUC range from the safety and security of the members of our community to financial risks and privacy. We work closely with departments across the University that are involved in risk assessment and risk management to coordinate efforts and provide a synergistic service to AUC.

The Internal Audit Office serves as a resource for areas across the University interested in assessing its relevant risks. Offices and departments interested in learning more about assessing risks in their areas should contact [email protected] for more information.