Technical and regulatory updates, Unilever and M&S audits, Europeans delay on audit reform
Almost half of large private sector organisations still do not have effective mechanisms in place to manage risk, suggests a survey of heads of internal audit conducted by the Chartered Institute of Internal Auditors (IIA).
Some 45% of internal auditors rated their organisation's awareness of risks to the business and the effectiveness of the processes to manage them as 'in the early stages', 'in development' or even 'non-existent'.
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