Which of the following is NOT a method recognized for identifying risks?

The identification of risks is a crucial step in the risk management process, and there are several recognized methods to achieve this. Surveys, flowcharts, and structured interviews are all proactive techniques that engage stakeholders or utilize visual representations to uncover potential risks within an organization.

Surveys allow for gathering broad input from different individuals or groups, helping to illuminate risks that may not be apparent to a narrow set of stakeholders. Flowcharts provide a visual representation of processes, making it easier to identify areas where risks may arise due to process gaps or complexities. Structured interviews enable in-depth discussions with key personnel, eliciting insights about risks based on their experiences and expertise.

In contrast, complete reliance on previous audits is not considered a robust or proactive method for identifying current risks. While past audits can provide valuable information about historical issues, they may overlook emerging risks, changes in the operating environment, or shifts in business processes. This method lacks the engagement of stakeholders and real-time analysis necessary for a comprehensive risk assessment. Therefore, the correct choice highlights a passive approach rather than an active identification of risks, which is essential for effective risk management.