This is not the same risk context as general business risks, it is specific risks to accuracy of billing although some other business risks may have bearing on the risks to accurate billing
- From each process document capture the potentially significant risks
- Decide whether the risk is mitigated, reduced or accepted
- Implement a classification system, at its simplest Traffic Lights: High, Medium and Low
- All significant risks should be documented in a risk register (either existing or specific to TMBS)
- A method of monitoring each risk should be determined internally – discuss with AB