Post by 44 Horizon
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Your board wants more risk. Is your internal audit ready for it? šÆ 58% of boards expect a higher risk appetite in 2024ā25. But here's the uncomfortable truth: wanting more risk and being equipped to manage it are two very different things. According to Gartner, organizations with effective internal audit leaders see measurably better risk outcomes. Yet most audit functions are still disconnected from the strategic conversations where it matters most. š Three shifts that can change everything: ā Give audit a seat at the strategy table. Include your Chief Audit Executive in ERM reviews, transformation meetings, and board planning sessions. Their role? To listen, align, and orient their work around what keeps leadership up at night. ā Integrate risk assessments. When internal audit's lens aligns with your enterprise risk management program, you eliminate blind spots and build a unified view of what could derail your strategy. ā Link every engagement to a key risk question. "Can we withstand greater disruption?" "Are our strategic assumptions sound?" Great audit work answers the questions boards are actually asking. Only 14% of internal audit leaders are rated "very effective" ā and risk orientation is the #1 differentiator of those who are. At 44 Horizon, we help executive teams close the gap between risk appetite and risk readiness ā turning internal audit into a forward-looking confidence engine, not just a compliance function. What's one change your organization could make to better connect audit work to strategic priorities? Drop a comment ā we'd love to hear your perspective. #InternalAudit #RiskManagement #BoardStrategy #ERM #CorporateGovernance #44Horizon #StrategicRisk #ExecutiveLeadership #Assurance #RiskCulture