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The importance of Risk management audit:
Risk Management can be effective as to take the necessary steps by making changes to eliminate and reduce the Risks. Whether it’s a small Scale or Large Scale Industry or Business.
Risk Management is a basic element that shouldn’t be disregarded. If we are not addressing it properly it can be a reason for major problems with accidents, hazards, loss of productivity and injuries, etc.
Risk Management is nothing but point outing strategies to avoid losses and problems.
So we have to do a Risk Assessment namely understanding, assessing, and evaluating the hazards.