A recent AuditBoard report highlights that CAEs are increasingly asked to engage in diverse activities, yet most organizations lack mature IRM programs, reflecting a risk coverage gap.
The report indicates a substantial gap in risk management capacity, where 96% of organizations lack mature Integrated Risk Management practices, spreading audit, risk, and compliance functions too thinly.
Surveyed CAEs revealed 82% are engaged in information security control testing, but a concerning 40% are uninvolved with Enterprise Risk Management, showcasing a need for increased engagement.
While most CAEs recognize integrated risk management as a vital area for expansion, nearly half the organizations do not have a coherent strategy, though many are aware of the necessity.
#risk-management #internal-audit #integrated-risk-management #enterprise-risk-management #corporate-governance
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