Audit
1. Pre-Audit Planning
2. Document Review
- Identify relevant documents across departments.
- Request access to current policy repositories.
- Ensure documents are up-to-date and approved.
- Collect policies regarding IT governance, security, and operations.
- Obtain the latest audit report from the audit team.
- Analyze findings and recommendations from prior audits.
- Document action taken on previous issues.
- Identify recurring issues for further investigation.
- Collect system architecture diagrams and flowcharts.
- Gather user manuals and operational procedures.
- Ensure documentation covers all critical IT systems.
- Organize documents for easy access during review.
- Identify applicable regulations and standards.
- Cross-reference policies with regulatory requirements.
- Document areas of compliance and non-compliance.
- Prepare a summary of compliance status.
- Review current risk management frameworks and policies.
- Assess the effectiveness of risk assessment processes.
- Determine if risk mitigation strategies are in place.
- Document findings and recommend improvements.
3. Risk Assessment
- Conduct a comprehensive inventory of all IT assets.
- Review historical incidents and known vulnerabilities.
- Engage with stakeholders to gather insights.
- Utilize risk assessment frameworks (e.g., NIST, ISO).
- Document all identified risks for analysis.
- Evaluate external threats (e.g., hacking, malware).
- Assess internal threats (e.g., employee negligence).
- Perform vulnerability scans on systems and networks.
- Review security policies and configurations.
- Identify weaknesses in software and hardware components.
- Use a risk matrix to categorize risks (high, medium, low).
- Consider the likelihood of occurrence for each risk.
- Evaluate the potential impact on business objectives.
- Involve cross-functional teams for input.
- Create a ranked list of risks for action.
- Analyze potential financial implications of risks.
- Consider reputational damage and customer trust.
- Evaluate operational disruptions and downtime.
- Assess legal and compliance consequences.
- Estimate recovery time and costs for each risk.
- Develop specific action plans for high-priority risks.
- Consider technical, administrative, and physical controls.
- Implement regular training and awareness programs.
- Establish incident response plans and procedures.
- Review and update strategies periodically based on changes.
Use in Manifestly