Details

Autor(en) / Beteiligte

• Psica, Alexandra

Titel

Destination Ahead

Ist Teil von

• The Internal Auditor, 2007-02, Vol.64 (1), p.77

Ort / Verlag

Altamonte Springs: Institute of Internal Auditors, Incorporated

Erscheinungsjahr

2007

Quelle

Business Source Ultimate【Trial: -2024/12/31】【Remote access available】

Beschreibungen/Notizen

• As new insights constantly change the business landscape, they also reshape the risk management environment. Internal auditors and risk managers can guide their organizations through ever-changing risks using five landmarks along the route. These are: 1. Establish a risk culture. 2. Integrate risk management into operations. 3. Bring information together. 4. Make risk-based decisions. 5. Let auditors confirm findings. The road that leads to mature risk management practices is not a straight line. The route is marked by twists and turns, and even unexpected detours, because the definition of what constitutes risk changes over time -- and, as a consequence, so do ideas about how best to manage it. The five landmarks are indications that an organization has a strong risk management process.