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Tag: risk management

corona virus and internal audit

Managing the Coronavirus Risks Facing the Internal Audit Function

By Antoine van Vlodorp One of the internal audit’s roles is ensuring the effective management of risk within the first and second lines of defense. Little attention is given to managing risk within the Internal Audit Function (IAF) itself. The emerging risk of the Coronavirus (Covid-19) should trigger an update of the Risk Register of the IAF.  “The internal audit department is not free from risks and must deal with the emerging risk of the Coronavirus” Like management in the first and second lines of defense, CAEs are expected to assess the risks of the…