29-10-2009
29-10-2009

Knowledge Alert: Internal Auditing and Risk Management

The IIA’s Audit Executive Center conducted a survey regarding the role of internal auditing in organizationwide risk management efforts. 2 Survey responses unearthed four key themes regarding the state of risk management efforts and the roles of internal auditing in this key activity:

1. Risk management practices and cultures are evolving.
2. Risk management integration efforts also are evolving.
3. Risk management will be a higher priority for internal audit activities in the next 12 months.
4. There appears to be a continued lack of support at the management and board levels in some organizations for risk management.

Read the full report.

 

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