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Internal audit

IIA warning on risk management

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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