Internal audit departments straining to stay ahead of rapidly emerging risks might benefit from a peek into how other companies are coping with it.
The Institute of Internal Auditors has published an alert that summarizes how internal auditors are handling five areas of risk that organizations are facing: credit risks, cost or expense reduction and containment, exposure to distressed third parties, liquidity risks, and reputational risks. The IIA identified the priority risk areas at a springtime roundtable session with chief audit executives from Fortune 100 and Fortune 250 companies, then followed up on the roundtable with surveys on the five risk areas to understand how companies are addressing them.
