Enhance the Value of Risk Assessments in the Public Sector

Internal audit risk assessments should be an ongoing, strategic process aligned with key organizational objectives, not just an annual compliance task. In this webinar, public sector specialists will share guidance on new global standards and offer insight on enhancing risk assessments.

The speakers will explore ways to make your risk assessment more strategic and broaden coverage while looking at ways to more fully address key risks such as fraud, third-party risk, and cybersecurity. Additionally, they will discuss how to use technology to automate risk assessments for continual improvement.

After this session, attendees should be able to:

• Describe what the new global internal audit standards say about risk assessments
• Examine leading risk assessment practices in the public sector, using the Illinois Department of Transportation as a case study
• Identify how to focus on key organizational initiatives such as strategic objectives and goals, information systems, fraud, and third-party risk
• Identify how to achieve greater impact and more comprehensive coverage of the entire entity in the risk assessment process
• Identify leading practices for automating risk assessments and how to use technology in risk assessments