Assessing the Adequacy of Risk Management using ISO 31000

The IIA issued a new practice guide on Assessing the Adequacy of Risk Management using ISO 31000. This guide details three approaches to assurance of the risk management process: a Process Elements approach; an approach based on Principles of Risk Management; and a Maturity Model approach. The assurance process that is used should be tailored to the organization’s needs.

Practice Guides are strongly recommended guidance from the Institute of Internal Auditors.

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