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The Importance of Risk-Based Auditing

  • 1.  The Importance of Risk-Based Auditing

    Posted 06-12-2026 08:39 AM

    Risk-based auditing enables organizations to focus attention on the areas that have the greatest potential impact on objectives, compliance, customer satisfaction, and business continuity. Rather than treating all processes equally, this approach prioritizes resources where failures would create the most significant consequences. By understanding risks and opportunities, auditors provide greater value to leadership and help organizations make informed decisions that support long-term success and continual improvement.



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    Francisco J. Tapia Guerrero
    ftapia@qualitascertification.com
    www.linkedin.com/in/franktapiaguerrero
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  • 2.  RE: The Importance of Risk-Based Auditing

    Posted 06-12-2026 11:15 AM

    Francisco,

    I agree with you 1000%!!  Risk-based auditing has netted many gains for the organization I work for.  I would add that leadership must believe and buy-in to this approach, as well as act on the information the risk-based audits identify.  If an organization has both of these in place, it is a win-win for that organization.  BK



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    Billie King
    Supplier Quality Engineer
    Hussmann Corp.
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  • 3.  RE: The Importance of Risk-Based Auditing

    Posted 06-12-2026 05:21 PM

    Well said, @Francisco J. Tapia Guerrero & @Billie King

    Risk-based thinking is not necessarily more difficult; many auditors already practice this technique; they just may not recognize it as such. The goal of the newer version of the standard is to emphasize these areas more clearly.

    If we structure our questions effectively, we can naturally apply risk-based thinking methodologies by simply asking ourselves, or the auditee, the right questions:

    • What if the process is not followed as intended?
    • What if there is a system outage or data loss?

    From there, we can dig deeper into severity, occurrence, and detectability. It all begins with asking a strong "What if…?"



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    Frank Higley-Sanchez
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  • 4.  RE: The Importance of Risk-Based Auditing

    Posted 06-12-2026 05:34 PM

    Great point, Frank!  You are definitely correct.  

    If I cannot leave an audit knowing that I provided value, I do not feel as if I did my job effectively.  Risk based thinking and approach continues working for me in this regard to ensure I stay focused on task, as well.



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    Billie King
    Supplier Quality Engineer
    Hussmann Corp.
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  • 5.  RE: The Importance of Risk-Based Auditing

    Posted 2 days ago

    Exactly, that is the right mindset because an effective audit should leave the organization with meaningful value, and risk-based thinking helps keep the auditor focused on where that value can make the biggest difference.



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    Francisco J. Tapia Guerrero
    ftapia@qualitascertification.com
    www.linkedin.com/in/franktapiaguerrero
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  • 6.  RE: The Importance of Risk-Based Auditing

    Posted 2 days ago

    Exactly, risk-based thinking often comes naturally when auditors ask the right "what if" questions, because that helps identify potential failures, understand their impact, and focus on the areas that matter most.



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    Francisco J. Tapia Guerrero
    ftapia@qualitascertification.com
    www.linkedin.com/in/franktapiaguerrero
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  • 7.  RE: The Importance of Risk-Based Auditing

    Posted 2 days ago

    Absolutely, leadership buy-in is essential because risk-based auditing only creates real value when management trusts the approach and acts on the risks and opportunities it identifies, turning audit results into meaningful improvement.



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    Francisco J. Tapia Guerrero
    ftapia@qualitascertification.com
    www.linkedin.com/in/franktapiaguerrero
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  • 8.  RE: The Importance of Risk-Based Auditing

    Posted 06-16-2026 09:42 AM

    Too often, the items identified as risks and opportunities are not the ones that are going to drive continual improvement.  This is why the determination of risks and opportunities should be performed by top management through the Context of the Organization.  In the early years of the 2015 Standard revisions, I used to tell my audit clients that the items identified in their Context of the Organization should be the issues that could drive the organization to be first in their industry or drive them out of business.



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    Chris Spire
    MSIA Associates, LLC
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  • 9.  RE: The Importance of Risk-Based Auditing

    Posted 06-17-2026 08:40 AM
    Edited by Donna Stockwell 06-17-2026 08:46 AM

    So true nowadays, Chris... between economic fluctuations and regulatory shifts and supply chain vulnerabilities, companies have a lot to wade through. And keeping these top of mind at the senior management level is necessary for a company to survive.



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    Donna Stockwell
    Senior Consultant
    The Genic Group
    www.thegenicgroup.com
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  • 10.  RE: The Importance of Risk-Based Auditing

    Posted 2 days ago

    Exactly, risks and opportunities should come from top management's understanding of the organization's context, because that is what truly drives strategic improvement and helps the organization focus on the issues that can either strengthen performance or threaten its future.



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    Francisco J. Tapia Guerrero
    ftapia@qualitascertification.com
    www.linkedin.com/in/franktapiaguerrero
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