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Article: In Touch With the Top.(internal auditing and effective communication with organizational leaders)
- Article from:
- Internal Auditor
- Article date:
- December 1, 2000
- Author:
CopyrightCOPYRIGHT 2000 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. (Hide copyright information)
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Adding value to the risk management process hinges on effective communication with organizational leaders.
COMMUNICATING WITH senior management about risk is one of the most important activities performed by internal auditors. Internal auditing represents organization's primary risk-assurance service and can lend great insight and support to the process of identifying and managing exposures. Because senior management holds the ultimate responsibility for managing risk, it is essential for auditors to be able to share their knowledge and effectively convey their concerns.
Organizations develop a stance on risk that reflects the accepted tolerance level ...