Risk Services, Risk intelligent, Audit, risk management, risk assessment

Of our many human foibles, complacency and denial rank among the most pervasive. We have all heard of examples of ignored evidence and refuted realities in politics, business and on an individual level, leading to unfortunate outcomes.

The concept of risk offers a prime case in point. Despite the fact that risk permeates virtually every aspect of our personal and professional lives, disaster is often perceived as something that happens to someone else, not to us.

For many organisations, this perception can be dangerous. In a time of intense competition, increased scrutiny and escalating threats, a broad perspective and lucid thinking about the true risks facing an organisation becomes more important than ever. Yet few organisations consider in detail the possibility and consequences of failure, bad luck, or catastrophic loss.

This situation, which provides the context for this fifth title in our Risk Intelligence Series, opens up opportunity for the chief audit executive (CAE). The CAE is in a unique position to fight complacency and denial by enabling the organisation to acknowledge, understand and address relevant risks and so seek to reduce costs.

To view the entire whitepaper, download the document below.

Attachments
The risk intelligent chief audit executive (PDF, 203KB)
A Deloitte US report


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