Enterprise risk management (ERM) establishes the oversight, control and discipline to drive continuous improvement of an organization’s risk management capabilities in a constantly changing operating environment. The ERM process includes high-level involvement and support, proactive emphasis, consistent risk language/framework importance, and more. Internal auditing is an independent, objective assurance and consulting activity designed to add value and improve an organization’s operations.

In this tool, we’ve compiled a guide that includes a systematic, disciplined approach to measuring and enhancing the effectiveness of a company’s risk management, control and governance processes.