Read Richard Chambers' Latest Blog
Conditioning the Organization for Risk: Agility vs. Resiliency
In his blog, IIA President and CEO Richard Chambers, CIA, QIAL, CGAP, CCSA, CRMA, shares his personal reflections and insights on the internal audit profession. Here's an excerpt from his latest post:
Balancing risk agility and risk resiliency is the focus of PwC's recently published fifth annual risk study. The report, Risk in Review: Going the Distance, makes the case that organizations that do both well are more likely to have long-term success.
Of particular interest to me is how the study defines risk agility and risk resiliency. Risk agility is an organization's ability to ". . . respond quickly to changing markets, customer preferences, or market dynamics," according to the study. Risk resiliency is defined as an organization's ". . . ability to withstand disruption by relying on solid processes, controls, and risk management tools and techniques, including a well-defined corporate culture and a powerful brand."
Read the full InternalAuditor.org blog post from IIA President and CEO Richard Chambers.