ERM vs IIA’s 3 LoD: Spot The Difference
The 3 Lines of Defence (3 LoD) concept is not new, having first started in the wake of the Dotcom Shakeout about 20 years ago. It was a turbulent time for many companies; people were not managing risk properly. Not only were there deficiencies in managing risk, risk identification, ownership,
Establishing An Empowered Audit Committee
The audit committee is both a hard act to establish and follow. Imagine having to go over every procedure, process and system in minute detail, looking for irregularities; reviewing findings of investigations into failures of internal controls; and constantly trying to ensure everything is operating as it should be. Whatever
How internal auditors can boost their enterprise risk management mastery?
There are many reasons why internal auditors should learn about Enterprise Risk Management. In fact, auditors and ERM are a good fit in so many ways. Firstly, auditors are trained to deep-dive into details, and ERM is nothing if not deep-diving and managing details so that the organisation overcomes the