Leveraging ERM to increase internal audit relevancy

Authored by Frank Bossle and John Kiss

Internal audit, compliance, and enterprise risk management (ERM) play an increasingly important role in how higher education institutions manage risk. Evaluating the intersection of these functions can identify opportunities to enhance their value to an organization. Rather than focusing on their differences, many institutions have begun to focus on the similarities between these important functions and are leveraging them to create a new paradigm for providing effective risk management across the enterprise.

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