Global Practice Guide: Assessing the Risk Management Process, 2nd Edition
Risk management is driven by more than regulations and external forces. All organizations can benefit from implementing a risk management process or improving the effectiveness of their existing processes. The benefits of mature risk management include enhancing the ability to achieve strategic and performance objectives and increasing value to stakeholders.
This second edition guide, updated to align with The IIA’s Global Internal Audit StandardsTM, will help internal auditors develop approaches to review and assess the effectiveness of an organization’s risk management. The guide explores critical aspects of risk management maturity, including risk appetite, culture, governance, and enterprise risk management.
This guidance supersedes the previous edition published in 2019.