Adherence to regulatory standards protects the Asset owner from costly fines or possible close down due to a failed audit by the authorities. At PRISM, audits are performed to baseline, identify root causes, and cost-justify an improvement plan. Our hands-on experience allows us not only to propose cost-effective and practical solutions to address the audit gaps. We got knowledge of regulations, deep knowledge of setting up process safety management systems and a tool to manage the audit. We perform 1) Asset Integrity Compliance audits – check management systems and equipment are being used following the stated requirements; we act as an independent verification body(IVB) 2) Asset Performance audits – benchmarking and performance review against the best practices. 3) Due diligence – In the context of mergers and acquisitions
