Tag: Climate Risk

LSU Center for Internal Auditing to Add Cyber, ESG Focus

The LSU Center for Internal Auditing, a university-based internal audit education program, is expanding to include a greater focus on cybersecurity risk and environmental, social, and governance (ESG) issues. In recognition of these changes, the program has been renamed the LSU Center for Internal Auditing & Cybersecurity Risk Management (LSUCIA&CRM). Read More

Top Risks of 2023

Top Risks Companies Face in 2023 and Beyond

In the wake of a global pandemic, organizations are working to assess potential risks with a renewed urgency, given the disruption and severity that COVID-19 inflicted on businesses and society in general over the past few years. One of those organizations, the World Economic Forum, released its Global Risks Report Read More

internal audit and greenwashing

What Internal Audit Needs to Do about Greenwashing Risks

Consumer and investor awareness about sustainability is higher than ever, but misleading claims by enterprises to address this can damage an organization’s reputation. We recently sat down with Ian Beale, VP, Advisory at Gartner, to discuss greenwashing: where organizations intentionally, or not, mislead investors, regulators, and the public about the Read More

internal audits role in ESG reporting

As New Rules Loom, Internal Audit’s Role in ESG Reporting Under Review

Last month, the Securities and Exchange Commission proposed new rules that would require public companies to say much more about their climate-related  initiatives. Until now, most environmental, social, and governance disclosures have been voluntary. The SEC proposal has put internal audit functions on alert at the prospect of the biggest Read More

IIA Supports SEC Proposal on New Climate Disclosure Rules

The Institute of Internal Auditors has announced that it is supporting new rules proposed by the Securities and Exchange Commission that would require public companies to say much more about their environmental, social, and governance initiatives. “The Institute of Internal Auditors applauds this week’s release by the U.S. Securities and Read More

Only Half of Companies with ESG Disclosures Receive Internal Audit Function Assurance

A new survey found that two-thirds of organizations have an ESG program in place and another 24 percent have plans to implement one. However, only half (51 percent) of organizations that report on ESG obtain some level of assurance from their internal audit functions. So while companies may be listening Read More

Internal audit and climate risk

Chartered IIA Issues New Guide on Addressing Climate Risk

The Chartered Institute of Internal Auditors has issued a new guide intended to help company audit committees make better use of their internal audit functions in “identifying, managing, and mitigating the risks and opportunities associated with climate change.” The guide, issued along with the British Standards Institution and titled “Harnessing Read More