Organisations need to monitor their performance to assess how well they are controlling risks. A low accident rate is not necessarily a sign that all risks are being managed, and so measures of performance need to be more wide ranging.
Audit is a formalised method of investigating a systems performance.
Of course it is no good collecting information if nothing is done with it to correct deficiencies. Organisations need to review the data information they have from all sources and act on it.
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