The Role of Internal Audit in Managing Risk

Earlier this year, the Institute of Internal Auditors (IIA) concluded a multi-year initiative to overhaul the Global Internal Audit Standards. First published on January 9th 2024, the new standards capture the global regulatory sentiment around the need for operational resilience.

In this whitepaper, we explore the role of internal audit as it pertains to global operational risk mitigation, with a focus on some key risk typologies highlighted by the IIA, specifically those which have seen a great deal of regulatory intervention in recent months.

In this whitepaper, we discuss:

  • Multiple operational resilience regulations from around the globe.
  • Timelines and what is required for your firm to comply with these regulations.
  • Why the growing need for assurance?

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