India

Details

  • Service: Advisory, Risk & Compliance, Governance Risk & Compliance Services
  • Type: Business and industry issue
  • Date: 11/21/2012

A culture of No Surprises 

The world is becoming more complex and interconnected exposing companies to numerous risks and increased velocity of risks. This coupled with the recent financial crisis and the resultant risk aversion is making companies ever more cautious. In such trying times, businesses are relying on their Internal Audit departments to assist them in fostering a ‘culture of no surprises’. “No Surprises” essentially means that the board and senior management expect their Internal Audit function to identify issues before they become a major problem for the company.
A culture of No Surprises
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