Risk in Focus 2020 | Board briefing
Why Risk in Focus 2020 matters for you
As a board member, it is imperative that you understand the key risks (and opportunities) your organisation faces and assure yourself that internal audit is addressing them. Some of these risks will no doubt be specific to your company, its unique operations and senior management’s growth strategy; others, however, are pervasive issues that are relevant for all businesses, big or small. With this in mind, we are briefing you on a newly published report, Risk in Focus 2020 (RiF20), a collaboration between eight institutes of internal auditors and available at iia.org.uk/riskinfocus.
RiF20, the fourth instalment of this annual report, highlights salient risks that have been identified by Chief Audit Executives (CAEs) and which you should be aware of in your discussions with senior management, audit committees and CAEs. RiF20 is the product of 46 qualitative interviews in Belgium, France, Germany, Italy, the
Netherlands, Spain, Sweden and the UK & Ireland, and a quantitative survey that this year received 528 responses, a 70% annual increase in engagement.