Chartered Institute of Internal Auditors Releases Report on Governance and Risk
Governance and Risk Report 2014: Internal Audit’s Perspective on the Management of Risk, an annual report released by the Chartered Institute of Internal Auditors (CIIA), summarizes survey results from nearly 250 Heads of Internal Audit (HIIA) from within their membership.
The report provides key insight into organizational risk maturity, internal audit’s response to leading risks such as operations and corporate governance, positioning the internal audit function, and skills needed to be effective in the internal audit profession.
According to CIIA Chief Executive Officer Dr. Ian Peters, “What stood out to us in this year’s survey was the improvement shown from last year in the HIIA’s functional reporting line to the audit committee chair which has jumped from 68% to 82% in the private sector and from 64% to 73% across all sectors.”
Click here to access the report and read media coverage in this City A.M article.