Benito Ybarra recently had the opportunity to join 𝗖𝗼𝗿𝗲𝘆 𝗣𝗮𝗿𝗸𝗲𝗿 of Baker Tilly US and Directors & Boards to discuss findings from our new report, 𝗘𝗻𝗵𝗮𝗻𝗰𝗲𝗱 𝗘𝗻𝘁𝗲𝗿𝗽𝗿𝗶𝘀𝗲 𝗥𝗶𝘀𝗸 𝗠𝗮𝗻𝗮𝗴𝗲𝗺𝗲𝗻𝘁 𝗮𝗻𝗱 𝗦𝘁𝗿𝗮𝘁𝗲𝗴𝗶𝗰 𝗗𝗲𝗰𝗶𝘀𝗶𝗼𝗻-𝗠𝗮𝗸𝗶𝗻𝗴, published in partnership with the Internal Audit Foundation. Their discussion explored how organizations are approaching ERM today, the role of ERM maturity in driving stronger decision-making and long-term resilience, and why protecting internal audit’s independence remains critical. Read the full article here: https://loom.ly/ygg6org #ERM #InternalAudit #Governance
Benito Ybarra on ERM Maturity and Audit Independence with Baker Tilly and Directors & Boards
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Insightful report. The ultimate value of ERM lies in aligning risk intelligence with strategic decision‑making. Mature ERM encompasses rigorous assessment and measurement, proactive identification of emerging risks, agile and accurate data collection supported by advanced technology, and robust scenario planning that extends beyond simple likelihood and impact to include management preparedness and response velocity. Transitioning from traditional approaches to a collaborative, technology‑enabled, cross‑functional model should be the objective of all ERM initiatives. Finally the integration with the first and third line is important to ensure an integrated view of risk and mitigations across the enterprise that is efficient and effective.