Risk

Management
Strategies
How an Internal Auditor helps...

Anurag Nahta
Identifying and assessing
risks

Internal auditors employ a variety of tools and

procedures to identify and evaluate risks that could
have an impact on the organization's goals,
performance, reputation, compliance, and
sustainability.

They take into account both internal and external

elements, including modifications to the company
environment, client expectations, legal needs,
technological advancements, and new dangers.

They assess the possibility, severity, and impact of

these risks as well as the efficiency of the current
safeguards and mitigating practices.
Providing assurance and
advice

Internal auditors give management and the board

independent, unbiased assurance and counsel
regarding the sufficiency and effectiveness of the risk
management framework, policies, processes, and
practices.

Along with making suggestions for improvement,

they also keep an eye on how the agreed-upon tasks
are being carried out.

The development of a risk appetite statement,

establishing risk tolerance thresholds, and
integrating risk management with strategic goals are
all things that internal auditors help management
and the board with.
Promoting a risk-aware
culture

By raising awareness, teaching, and communicating

about risk management, internal auditors support
the development of a risk-aware culture within the
company.

Additionally, they promote cooperation and

coordination between the many roles and parties
involved in risk management.

They promote a positive outlook on risk

management as a value-adding endeavor that
improves judgment, effectiveness, and resilience.
 Thank You
Internal auditors are not only the
watchdogs of the organization, but also
the trusted advisors and catalysts for
change

What is your take on this??

Let me know in the comments below.

Anurag Nahta