New Issue of Tone at the Top

Adjusting the Risk Appetite for Non-Financial Measures

The latest issue of Tone at the Top, “Adjusting the Risk Appetite for Non-Financial Measures,” explores how non-financial risks can have a significant financial impact on an organisation, affecting the success of its enterprise risk management (ERM) efforts and overall risk appetite. PwC warns, “non-financial risks now pose a potentially costlier threat than financial exposures.”

Key takeaways include:

• Non-financial risk is an evolving area where new and unfamiliar risks should be expected to emerge.
• Internal audit can provide insights that make sense of measurement and reporting options.
• Internal audit uses its holistic understanding of the organisation’s many facets — and threats — to identify risk considerations and provide advice on how best to deal with them.
• Boards should see that internal audit plays a critical role in ensuring the completeness and accuracy of non-financial data.

Download the latest issue, share it with your organisation’s board, audit committee, and senior management, and respond to the latest Quick Poll question: “Are non-financial risks incorporated into your organisation’s risk appetite?”

Tone at the Top is a complimentary online publication that provides boards, audit committees, and executive management with concise information and guidance on governance-related topics, such as ethics, risk management, and corporate culture.

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