Should Internal Audit Own Enterprise Risk Management?
 
Description:
Paul Sobel, VP and Chief Audit Executive for Georgia Pacific Corporation, discusses the pros and cons of internal audit owning the ERM process.
Channels: Risk  Operations/Performance  Internal Audit Function 
Tags: ERM  Risk  Paul  Sobel 

Runtime: 4m 40s | Views: 4766 | Comments: 2
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Posted by TomaszSm (154 days ago)
IA role should not involve such activities as setting
risk appetite, taking decissions on risk response or
managing risk as owner...I think there might be
misunderstanding between owning ERM process and
additional consulting services on ERM performed by IA.
Reply to this
Posted by WajidJamil (363 days ago)
Internal Audit should never own ERM process on question
of independence and should restrict to review and
recommendations.
Reply to this

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