Risk in Focus 2023 – Board Summary

The key to navigating these circumstances will be for senior management teams and boards to stop seeing these as Black Swan events. They are elements of a continuous storm that will blow through Europe in 2023 and beyond.

Risk in Focus 2023

The theme of this year’s report is navigating and auditing in the perfect storm of high-impact interlocking.

Auditing Cyber Incident Response and Recovery

Cybersecurity attacks are increasing as the tools for detecting and exploiting vulnerabilities in networked systems and devices become increasingly sophisticated or commoditized. Threatening technologies and methods are advanced by criminal enterprises, state-sponsored hackers, and others with malicious intentions.

Building an Effective Internal Audit Activity in the Public Sector

Intended to serve as a practical, step-by-step approach for internal audit leaders, this guide summarizes the standards, staffing, and resources needed to successfully plan and implement or improve an internal audit activity in the public sector.

Internal Audit: A global view

An IIA global survey to gain a clearer perspective of the internal audit profession and its professionals.

Embedding ESG and sustainability considerations into the Three Lines Model

The World Business Council for Sustainable Development and The IIA collaborate to offer practical suggestions and examples for integrating sustainability considerations into the key roles and responsibilities within The IIA’s Three Lines Model.

Auditing Capital Adequacy and Stress Testing for Banks

Internal auditors working in financial services should understand the international standards and principles of capital adequacy that apply to their jurisdictions.

ESG: Key aspects and questions

ESG implies risks and opportunities and should be integrated into the organization’s strategy.

Internal Audit and ESG criteria

Companies’ increasing awareness of their social responsibilities – also called sustainability– in relation to their performance in managing the environmental, social and governance (ESG) factors, requires them to include these aspects in their business models and
investment strategies and to assess their impact on profitability, liquidity, reputation and relationship with wider society, among other factors.

Cyber security,a systemic risk to watch over

This report provides a comprehensive overview to help Audit Committee members properly prioritize and monitor one of the greatest business risks.

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