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Latest GRC Survey Shows Disconnect on Risk

Tammy Whitehouse | March 3, 2015

New evidence is emerging from yet another survey to show chief audit executives and audit committees are not on the same page in their view of the highest priority areas for internal audit attention.

That’s the finding of Grant Thornton’s annual GRC survey, which polled nearly 550 chief audit executives and audit committee members across a variety of sectors and organization types, not exclusively public companies. According to the findings, audit committees say financial risk is the most important priority area for internal audit, followed by compliance, operational, and strategic risks. CAEs, however, give compliance risk top billing, followed by operational, financial, and then strategic risks. An earlier survey from Protiviti and North Carolina State University shows a...

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