Advancing internal audit risk assessment capabilities has been saved
Perspectives
Advancing internal audit risk assessment capabilities
Why it’s time to invest in AI-powered solutions
Today’s threat landscape requires organizations to transform their internal audit risk assessment capabilities into cognitive risk monitoring and continuous assurance. See what 5,000 professionals had to say about their organization's risk assessment capabilities, integration of risk assessments across the enterprise, and their approach to decision-making.
Elevating internal audit’s risk assessment capabilities
In an October 2021 Dbriefs webcast, we discussed the latest marketplace trends and our opportunities for risk assessments. Specifically, we focused on how artificial intelligence (AI) solutions, such as AI-powered interviews, cyber risk assessment solutions, and cognitive risk sensing, could transform internal audit risk assessment capabilities and the integration of risk assessments across the enterprise. During the webcast, we also surveyed 5,000 professionals about their organizations’ risk assessment capabilities, the integration and alignment of risk assessment capabilities across the enterprise, and their approach to risk decision-making.
Elevating internal audit’s risk assessment capabilities
Investing in AI-powered solutions
Most of the participants recognized that their organizations still have significant opportunities for enhancements as they are performing only an annual assessment. Almost half of them are partially or fully integrated, which demonstrates a recognized value in transforming to a coordinated risk assessment.
AI-powered interviews
They leverage advanced AI capabilities to capture, assess, and report on descriptive information during a risk assessment resulting in dynamic visualizations for reporting purposes.
External risk sensing
It’s an AI application that uses predictive analytics and cognitive intelligence to provide client organizations with advanced notice of emerging risks, knowledge of potential loss events, etc.
Cyber risk quantification
It enables a consistent, methodical, and transparent understanding of cyber risk and performance posture across personas.
Download the full document to learn more, and discover key questions that you may want to consider as you evaluate wheater it's time to refresh your risk assement approach.
Keeping pace
The risk landscape is dynamic and always evolving. If you’d like to talk more as you start evaluating your risk assessment capabilities, let’s set up a conversation.
Get in touch
Sarah Fedele
Principal | Deloitte Risk & Financial Advisory
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