ERM as a Secret Weapon: How Internal Audit Can Own the Risk Conversation

The Institute of Internal Auditors Presents: All Things Internal Audit

In this episode, Charles King sits down with Shane Negangard to look at enterprise risk management not as a compliance exercise, but as one of the most powerful tools an internal audit leader can have -- if it's built and run the right way. They break down how to establish an ERM program from the ground up, secure executive buy-in, and use ERM as a flywheel for deeper relationships across the organization.

HOST: Charles King, CIA, CCSA AI and Internal Audit Leader, KPMG  GUEST: Shane Negangard, CIA, CRMA Head of Internal Audit, Workiva     KEY POINTS:

Introduction [00:00:00-00:01:25] Technology, AI, and Evolving Internal Audit [00:01:26-00:03:46] Why ERM Is a "Secret Weapon" [00:03:47-00:05:46] Building Executive Buy-In for ERM [00:05:47-00:07:05] Making ERM More Than a Compliance Exercise [00:07:06-00:10:08] Risk Ownership, Trust, and Accountability [00:10:09-00:13:29] Turning Risk Discussions Into Action [00:13:30-00:15:47] Using AI to Strengthen ERM [00:15:48-00:18:03] Scenario Planning and ERM Maturity [00:18:04-00:19:25] Using ERM to Develop Internal Audit Teams [00:19:26-00:21:10] Expanding Risk Ownership Across the Organization [00:21:11-00:23:12] Internal Audit's Role as an ERM Facilitator [00:23:13-00:25:45] Final Thoughts [00:25:46-00:25:56]

IIA RELATED CONTENT:

Interested in this topic? Visit the links below for more resources:

Statements of Position Risk in Focus Global Best Practices: Transforming Audit Through AI   Visit The IIA's website or YouTube channel for related topics and more.

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