The OnRisk 2021 report introduces risk relevance as a factor in measuring alignment among boards, management, and CAEs.
Last year’s inaugural OnRisk report from The IIA — A Guide to Understanding, Aligning, and Optimizing Risk — compared and contrasted the perspectives of boards, management, and chief audit executives (CAEs). It was designed to show how well-aligned their attitudes and thinking are in their assessment of top risks, and how they rank their knowledge of these risks and their organizations’ capability to manage them. The recently released OnRisk 2021 includes views on risk relevance as a factor in measuring alignment among the three stakeholder groups. And it has produced some interesting findings.