Internal audit. The name leaves something to be desired, in my opinion, and unless you’re familiar with IA, it could be a bit confusing. It also creates this false dichotomy with external audit that really doesn’t exist. Within the IA context, the audit of financial state­ments is supple­mental and focused on only one risk: reporting […]

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A survey conducted in July and August of 2009 by Aon has revealed that companies are moving beyond “basic” ERM imple­men­ta­tions: 62% of the survey respon­dents in the Global Enter­prise Risk Management Survey 2010 reported going beyond basic ERM, compared with only 38% in Aon’s inaugural ERM survey in 2007. I wonder what happened between now […]

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