Internal Audit : Risks To Consider In 2022 Internal audit is defined as "an independent management function that involves a continuous and critical appraisal of an organization's functioning with the goal of suggesting improvements and adding value to and strengthening the entity's overall governance mechanism, including the strategic risk management and internal control system." Internal Audit Risks to Consider in 2022: Cyber-security: According to the IIA's on Risk 2022 poll, cybersecurity is far and by the most important "risks projected to affect enterprises in 2022." Almost 96 percent of chief audit executives gave cybersecurity a 6 or 7 on a scale of 1 to 7, with 7 being the most important. A lack of control over cybersecurity risks could have devastating financial consequences. If left uncontrolled, it has the potential to ruin a company's brand and reputation. Management and governance committees...
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Showing posts from May, 2022