Internal Audit: New Role in Enterprise Risk Management?

Radiocasts | September 16, 2014 by Bonnie D. Graham

The buzz: Risk.

Critical questions are raised by recent IA research and surveys of internal auditors seeming to suggest strong support for involving Internal Audit (IA) in enterprise risk management. Are IA practices really changing and departments transitioning to provide risk management advice and opinions to the business? Are Boards and senior executives actually asking for this? Perhaps most important, are any conflicts inherent in such a new role for IA?

The experts speak.

Robert D. Gould, Internal Audit, Harley-Davidson: “It ain’t what you don’t know that gets you into trouble. It’s what you know for sure that just ain’t so” (Mark Twain).

Thomas Bamberger, Chief Audit Executive, SAP: “Information exchange between Risk Management, Compliance and Audit is key for full transparency.”

Bruce McCuaig, Governance Risk and Compliance Solutions, SAP: “Start where you are. Use what you have. Do what you can.” (Arthur Ashe).

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