Maximizing the Value of a Risk-Based Audit Plan

Internal Auditors Can Identify and Mitigate Risk

Michael Bechara, and Gaurav Kapoor, MBA

If there is anything that the business world has learned from the economic events of the last few years, it is that effective risk management is critical. Around the world, substantial investments are being devoted to strengthening risk management programs. Yet, failures continue to occur, whether they appear in the form of regulatory missteps, lost profitability, or the hacking of sensitive information. Millions of customers are affected, and billions of dollars are lost.