Day: August 15, 2024

Auditing Risk Management

Survey: Internal Audit Being Asked to Take on More Risk-Related Tasks

A new survey finds that boards and CFOs are asking internal audit to take on more risk related work. The study revealed that these expanding expectations are coming at a time when internal audit has limited bandwidth for advisory-related services — and increasing risk demand and insufficient risk management capacity Read More

internal Audit plan

Basing Internal Audit Plans on the Audit Universe vs. the Risk Universe

GUEST BLOG POST There’s such a huge difference between basing the continuously updated audit plan on an “audit universe” (essentially a comprehensive list of all the potential audit activities that an internal audit function might undertake) and from using a “risk universe” (a comprehensive list of all potential risks that Read More