Internal Auditing's Role in Risk Management

By: Paul J. Sobel, CIA

This FREE download for members is available from The IIA Research Foundation and sponsored by Oracle Corporation. 

Increasing economic pressures are moving organizations to increase the effectiveness of risk mitigation efforts and focus on a more holistic approach to risk management. As a result, the role of internal audit in risk management is focused on ways to identify and assess the organization’s strategic risk. Using risk management tools and mining data from recent surveys, author Paul Sobel shows readers how to move their organizations forward, providing internal auditors with the skills needed to keep pace with evolving roles in risk management.

Internal auditors are finding they can play important roles in risk management, but there are many roles that internal audit activities are either not ready to pursue or are not proactive in pursuing. This should serve as a call for action to internal audit activities in general and chief audit executives (CAEs) in particular.

Now is not the time for CAEs to be passive and reactive. Someone will fill the knowledge void within organizations to help advance the risk management efforts. With the head start that most internal audit activities have in terms of training and disciplined risk thinking, this is the time to seize the day and be recognized as a valued and respected part of the organization. 

Item Number: 10.5018.DL

Picture of Internal Auditing's Role in Risk Management - PDF
Internal Auditing's Role in Risk Management - PDF
SKU: 4050.PUB.BK04.00106.00.01