A really concise version of the IIA’s new Global Internal Audit Standards (GIAS)
I want to share below a 6 page version that contains only the Purpose Statement, the Principles, and the main part of each Standard.
A twist on risk appetite
The standard definition of risk appetite is “the amount of risk you are willing to take in the pursuit of objectives”.
Upgrade to effective GRC
I joke about what GRC means. Apart from the IIA (who talk about governance, risk, and controls), everybody knows that the acronym stands for Governance, Risk Management (or ERM), and Compliance.
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