This is an excellent approach. Most organizations under 500 employees do not have an internal audit process. It will give you facts to show those who think you are too small that you are exposed to the same risks as big companies.
Today organizations face an unprecedented confluence of risks. Two-thirds of CEOs see more threats to their business than opportunities. To stay competitive, you must pursue two parallel strategies: risk resiliency and risk agility.
Forward-looking companies have both the solid infrastructure and processes to help them weather any storm, as well as the flexibility to move quickly to meet new opportunities.
A comprehensive internal audit function plays a critical role in helping your organization achieve good governance—by providing an independent and objective assessment of your risk management strategies and control frameworks.
Check out our internal audit service and how we can support your internal audit team.
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