New Study Takes Close Look at Auditing Strategic Risks

The latest Global Internal Audit Common Body of Knowledge (CBOK) Stakeholder Study report, Auditing Strategic Risks: Practical Insights from Internal Audit Leaders, reveals that nearly two-thirds (64 percent) of stakeholders want internal audit to take a more active role in strategic risks.

Many chief audit executives are reporting they are making significant progress in how they audit strategic risks by leveraging a broad arrange of approaches. The report specifically focuses on best practices leaders are using to tackle three key areas of strategic risk: cybersecurity, IT projects, and capital projects.

The 12-page report also speaks to how audit leaders are working to secure their seat at the decision-making table and add increased value to their organizations.

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[Photo by Nick Youngson CC BY-SA 3.0 Alpha Stock Images]

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