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The concept of an organisation’s risk appetite is a fundamental element to healthy governance. Yet it is typically focused primarily on financial risk considerations. How should the growing focus on non-financial risk, including ESG, influence how organisations view their risk appetite, and what can internal audit do to support that examination?
This Global Knowledge Brief, the first in a three-part series on governance, risk, and control (GRC) from The IIA, examines in detail this topic, the challenges of rethinking risk appetite with non-financial risk in mind, and the important role of internal audit in the process.