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Ep 114: Heat Maps and Risk Registers w/ Tim Leech (of Risk Oversight Solutions Inc.)

The Audit Podcast

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Getting Clarity on the Purpose of a Board

"The vast majority of the boards in the world have never stated their purpose," he says. "They list long charters full of stuff they're going to do, but they don't say what can we expect a year from now as a result of paying for the board?" If there's no clarity on why the board's there, it doesn't make sense that internal audit and risk management should be involved at all.

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