Developing continuous risk sensing capabilities through a data-enabled risk assessment process
In this episode, Dhiraj Malhotra joins Mike Maali to discuss how internal audit can shift to a more proactive risk focus through a data-enabled risk assessment process to develop continuous risk sensing capabilities.We discuss the following questions:0:50 - How might the risk assessment process change as the internal audit evolves?4:25 - What is the importance of linking the single source of truth to business issues?5:20 - What types of tools and capabilities will internal audit need to create these risk sensing capabilities at scale?7:43 - How often does this capability need to be reviewed or monitored?10:30 - What capabilities will internal audit need to interpret the results and act on them?12:03 - What is the ideal process to initially set up this data platform and who should be included?15:37 - What are key takeaways for organizations to think about?https://www.pwc.com/us/en/services/risk-assurance/podcasts/continuous-risk-sensing.html