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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.
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.
Environmental, social, and governance (ESG) regulations are in development worldwide, with several set to come into effect for 2024. In this IDC Spotlight Paper, you'll find an overview of the current regulatory environment, five best practices to get started, and ways technology can support ESG reporting.
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.
Business leaders must be more effective in identifying and understanding the risks and priorities most relevant to their organizations to make informed decisions — and survive in today's volatile risk environment. This resource outlines an integrated path for your organization to more effectively prioritize, connect, and manage the next wave of risk.
The use of agile in internal audit has increased dramatically in the last few years, especially in the financial sector. Agile auditing is a great way to increase your team's flexibility in responding to emerging risks and allocating resources more effectively. However, transitioning to agile is not without challenges. To help you on your journey, check out the resources in Conquering Heightened Risk Exposure in Financial Services: 7 Steps to Transform With Agile.
As tougher federal regulations are expected later this year, financial institutions must develop a strong, forward-looking internal controls program to stay ahead of potential risk.
Download this resource for tips to prepare including activities to increase collaboration across risk, compliance, and audit teams.