Jamming with Jason: Companies Lag on Improving Risk Management and Climbing El Capitan with Joe McCafferty
Field: Auditing | Delivery Method: Self Study | CPE Hours: 1.0
A recently released study from the AICPA and NC State show that despite the constant drumbeat for improving and formalizing risk management processes, most organizations are still way behind in their efforts. When 60% agree the volume and complexity or risk have changed extensively over the last five years, and 65% of boards are call for "somewhat" to "extensively" increasing managment involvement in risk oversight, why aren't more organizations on board with implementing ERM (only 34% have "mature" or "robust" oversight)? We'll unpack the results of the study, discuss some of the reasons and implications this has on organizations, internal audit, and how to use ERM as a strategic advantage.
Jason Mefford is a rock star in internal audit, risk management and compliance. He typically works with Chief Audit Executives and professionals in audit, risk and compliance with the technical and soft-skills needed to navigate the land mines of organizations. He takes complicated, confusing & hard things, makes them practical, proactive & simple to improve learning and transformation.
Jason is a CAE coach, professional speaker, facilitator and podcast host. He serves the internal audit community through his companies Mefford Associates, cRisk Academy, Mefford CIA Review Course, and the Jamming with Jason Podcast.