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Inside Internal Controls

News and discussion on implementing risk management

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internal audit to identify risks

How to assess the effectiveness of risk management

Internal auditors are expected, according to the IIA Standards and some governance codes, to assess the effectiveness of risk management.

 

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The wonder and joy of internal auditing

More than 17 years ago, The IIA’s magazine published an article of mine, The new age of internal auditing. I made some provocative comments, including:

 

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The essential competencies of an effective risk officer

I recently sparred gently with a good friend, a respected and influential risk practitioner and thought leader, about the key competencies necessary for a risk officer to be effective. He listed several competencies for effectiveness, saying that “without these competencies risk managers are useless to the business”.

 

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Misunderstanding risk and internal audit

There are many voices urging people to act when it comes to the topics of risk management and the role of internal audit. Unfortunately, most of these voices are like sirens, tempting you to go the wrong way.

 

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