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A Study in Risk Tolerance

Online Exclusives Louis Seabrooke, CIA, CPA, CA, Amy Felix, CIA, CPA, CA, PRINCE2 Mar 02, 2020

The Canada Revenue Agency is benefiting from its pilot of a tool to measure risk exposure versus tolerance.

The general public accesses more information more frequently and expects both private and government organizations to provide more services at a proportionate rate. Each successful technological advancement to provide this information has been accompanied by numerous failures — mistakes that expose vulnerabilities and consequently entrench a risk-averse mindset within organizations. A lack of risk-taking leads to unrealized opportunities and stifled innovation.

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Louis Seabrooke, CIA, CPA, CA

Louis Seabrooke is director general, Internal Audit and Evaluation Directorate, at the Canada Revenue Agency in Ottawa, Ontario, and a 2014 Internal Auditor magazine Emerging Leader.​

Amy Felix, CIA, CPA, CA, PRINCE2

Amy Felix is director, internal audit, at the Canada Revenue Agency in Ottawa.​