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Categorizing risk: Risk categories help users identify, understand, and monitor their organizations' potential risks. (Risk Watch).
From:
Internal Auditor
| Date:
April 1, 2002| Author:
Espersen, Donald; Roth, James
| COPYRIGHT 2002 Institute of Internal Auditors, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group.Copyright information
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ODAY'S FAST-PACED BUSINESS environment bombards organizations with a diverse array of risk events. Consequently, organizations are developing a variety of risk management strategies. In this environment, internal auditors have an opportunity to contribute to, or even drive, their clients' enterprise risk management activities.
However, with this opportunity comes new challenges. If auditors are expected to identify the organization's major risks, they need powerful diagn...
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