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32 Activities of the internal audit func... > Risk management outputs - Pg. 348

348 Risk Assurance and Reporting Risk management outputs When working together, risk management and internal audit should always concen- trate on the outputs from the risk management process and the impact that is sought. The contribution of risk management is to ensure a greater chance of achieving the objectives of the organization, and this is also a stated intention of internal audit activities. Overall, risk management/internal audit outputs are intended to achieve enhanced performance of the organization in three important areas: efficacious strategy; effective processes; efficient operations. These outputs will be achieved by ensuring minimum disruption to routine opera- tions from hazard risks, together with selection of effective processes that are ap- propriate for the organization. Selection of effective processes requires informed decision making and the successful implementation of projects. Risk management and internal audit should work together to achieve these outputs. The most important decisions taken by an organization relate to strategy. Risk management and internal audit both have roles to play in helping the organization