Integrated risk assurance

Today, many organizations rely on a reactive approach to risk oversight and management—waiting until a high-profile event, news story or regulatory change requires the re-evaluation of existing reporting structures. What many fail to realize, however, is that this type of strategy introduces its own fair share of risk—often resulting in a risk reporting structure that’s narrowly focused and diffused, redundant, costly and unrelated to the true drivers of enterprise value and performance.

At Deloitte, we believe risk should power performance—and one way to achieve this is through a fit-for-purpose approach to risk assurance. In our latest report, we discuss how an integrated risk framework can help organizations establish a clearer picture of their unique risk landscape—and build a more efficient and effective risk assurance framework.

The report outlines the benefits of building a layered risk framework from the inside out—uncovering key business drivers of value; identifying and assessing the risks that most jeopardize or enhance these business drivers of value; and establishing assurance priorities that align with business strategy and operations.

After reading, businesses should have a thorough understanding of the best ways to define, assess, track and address risks impacting their organizations—and establish a foundation for risk assurance activities that both build enterprise value and improve performance.

To learn more about building an integrated risk framework, download the report.