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Widening Risk Exposure Gap Demands Internal Audit Transformation. Organizational capacity to manage risk is not keeping pace with today’s chaotic risk environment, creating a growing gap between risk management capacity and the fast evolving landscape of risk demands.
In a volatile landscape, addressing the complexities of environmental, social, and governance (ESG) issues in supply chain management is critical. Companies that fail to address these risks can face legal damage, supply chain disruptions, reputational damage, and more.
The Internal Audit Foundation’s inaugural Risk in Focus 2024: North America report, sponsored by AuditBoard, provides practical, data-driven research to help internal auditors and their stakeholders understand this evolving risk environment and prepare audit plans for the year ahead.
This year’s survey reveals a heightened focus on managing cybersecurity threats and implementing protective measures and concerns around artificial intelligence (AI) capabilities.
How are internal auditors supporting their organizations in navigating today’s economic uncertainty? That’s what the Chartered Institute of Internal Auditors and AuditBoard set out to reveal in Adapting to Economic Uncertainty: Internal Audit’s Journey, where they researched and analyzed the experiences of 100+ internal audit executives across the UK and Ireland.
Two-thirds of respondents to AuditBoard’s ESG Maturity Benchmarking survey have not implemented ESG controls — which opens organizations up to reputational damage from reporting incomplete or incorrect ESG data and leaves them unprepared to maintain compliance with the upcoming SEC ESG rules and other future reporting requirements.
With numerous major geopolitical events sending shock waves around the globe over the last few years, executives are increasingly focused on this risk. However, this is an area that internal audit doesn't spend much time on, according to a new joint report from the CIIA, Airmic, and AuditBoard. Download your copy for ways to identify geopolitical risks, case studies, and tools for risk and audit teams to collaborate in their response.
Learn how budgets and staffing levels have been trending since the pandemic and how internal audit is sharpening its focus on high-risk areas while incorporating more risk areas into its purview.