IIA issues helpful governance tools
IIA ISSUES HELPFUL GOVERNANCE TOOLS
The Institute of Internal Auditors in Australia has issued the following publications, which should interest boards and management:
- Procurement integrity
- 20 Critical Questions – What to ask yourself during a pandemic lockdown
- 20 Critical Questions – What directors should ask of business continuity, and https://bit.ly/3swgxNi
- 20 Critical Questions – What directors should ask of compliance https://bit.ly/32sfqni
In its '20 critical questions' series, the institute has examined what directors should ask of risk management.
Questions are posed under headings such as risk-management foundations, risk assessment, risk registers and review.
The first is 'Does the organisation have (a) risk management framework aligned to an appropriate standard such as ISO 31000:2018 'Risk management – Guidelines' (b) defined risk appetite ideally encapsulated in a risk appetite statement?'
And a 'killer question' is posed. 'How does management, audit or risk committee and board of directors clearly know the organisation has identified and is effectively managing its risks in a timely way?'
