In this episode, Dhiraj Malhotra joins Mike Maali to discuss how internal audit can shift to a more proactive risk focus through a data-enabled risk assessment process to develop continuous risk sensing capabilities.
We discuss the following questions:
0:50 - How might the risk assessment process change as the internal audit evolves?
4:25 - What is the importance of linking the single source of truth to business issues?
5:20 - What types of tools and capabilities will internal audit need to create these risk sensing capabilities at scale?
7:43 - How often does this capability need to be reviewed or monitored?
10:30 - What capabilities will internal audit need to interpret the results and act on them?
12:03 - What is the ideal process to initially set up this data platform and who should be included?
15:37 - What are key takeaways for organizations to think about?
https://www.pwc.com/us/en/services/risk-assurance/podcasts/continuous-risk-sensing.html