CREATING A BUSINESS RISK INVENTORY

CREATING A BUSINESS RISK INVENTORY

Internal auditors at Allstate Insurance Company are finding that their new risk inventory is far more than an audit-planning tool. It is also helping to boost risk knowledge and awareness across the organization. As a critical step in the evolution of the company's process-focused, risk-based a...

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Veröffentlicht in:The Internal Auditor 2000-02, Vol.57 (1), p.47
Hauptverfasser: REDING, KURT F, BARBER, CRAIG H, DIGIROLAMO, KRISTINE K
Format: Magazinearticle
Sprache:eng
Schlagworte:
Advantages
Analysis
Audit departments
Auditing
Corporate profiles
Insurance industry
Internal auditing
Internal auditors
Leadership
Planning
Property and casualty insurance
Risk
Threats
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Zusammenfassung:Internal auditors at Allstate Insurance Company are finding that their new risk inventory is far more than an audit-planning tool. It is also helping to boost risk knowledge and awareness across the organization. As a critical step in the evolution of the company's process-focused, risk-based audit approach, the Allstate internal audit department recently created a business risk inventory (BRI). The company's audit leadership was convinced that the BRI would help the company to accomplish several objectives. Most importantly, it is seen as an opportunity to support the company's management of business risks.
ISSN:0020-5745