Explain how ISO 31000Risk Management and related standards can help internal auditors improve business practices and better
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Explain how ISO 31000—Risk Management and related standards can help internal auditors improve business practices and better identify and assess organizational risks.
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ISO 31000 is an international standard that provides principles and guidelines for effective risk management It outlines a framework that organizations can use to develop a systematic and comprehensive approach to managing risks Internal auditors can leverage ISO 31000 and related standards to improve business practices and enhance their ability to identify and assess organizational risks in the following ways Common Risk Language ISO 31000 promotes the use of a common risk management language and terminology This common language facilitates communication and understanding between internal auditors and other stakeholders It ensures that everyone within the organization ...View the full answer
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Related Book For 
Operational Auditing Principles And Techniques For A Changing World
ISBN: 9781000388244
2nd Edition
Authors: Hernan Murdock
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