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The Institute of Internal Auditors North AmericaBreadcrumb SeparatorNewsBreadcrumb SeparatorBlog: COSO ERM Update: A Vital Tool in 21st Century Risk Management

Read Richard Chambers' Latest Blog
COSO ERM Update: A Vital Tool in 21st Century Risk Management

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:

Internal auditors around the world should take note of an important development this week – the release of the updated COSO enterprise risk management framework.

Several of my blog posts in the past year have focused on the growing demands being placed on internal auditing by its stakeholders and the importance of practitioners being able to rise up to meet new tasks we are being asked to perform.

This new reality reflects the growing complexity of governance, risk, and control in a fast-moving world where powerful technological, socioeconomic, and geopolitical forces can quickly morph the risk landscape. As such, all those who help manage and assess risk across the enterprise must have the best tools and processes available to them.

Read the full blog post from IIA President and CEO Richard Chambers.