What we’re reading this week from the world of risk management.
IIA: Who Owns Risk? A Look at Internal Audit’s Changing Role
“This report provides insights into the status of risk management and the role of internal audit around the world and lays out 13 key actions that can help chief audit executives (CAEs) and internal auditors ensure that their internal audit function is properly positioned to address risk challenges in an ever-changing world.” This is a research paper from IIA’s Common Body of Knowledge (CBOK) Resource Exchange. There’s also a summary video.
Norman Marks: We need to review and provide feedback on the COSO ERM Exposure Draft
Last week, COSO introduced a new draft ERM framework for comment. This week, Marks follows up with his analysis of the document.
CSO: Health IT must fix its security crisis
“At budget time, IT and security spending typically takes a backseat to buying new medical systems and hiring additional medical staff.” That’s where risk management becomes invaluable, by creating an understanding of how IT supports health services, and where spending should be prioritized.
CFO.com: CFOs Losing Confidence in Value of Reporting
An new survey finds that only 55% of CFOs are confident their reports comply with all reporting needs, which points to the need for programs to help build more transparent and trusted reporting.
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