ABSTRACT
“Internal audit needs to align itself with the risks that are critical to In-Sports. Business dynamics, and external dynamics, are changing constantly, so internal audit needs to adjust too. Even the SEC has issued climate and ESG disclosure requirements so other stakeholders are paying attention and demanding high-quality and transparent information. “Most scandals cause reputational damage. In the case of GE, there were accounting issues in the billions of dollars, and the issues with operating results also involved insurance projections and estimates related to insurance liabilities, so their ethics and compliance failures were material. The flow paused indicating the team had exhausted their collective memory on the attributes and one was missing, so John helped them finish the list. Lunch was delivered, and a bit of sadness was evident in the room as the team’s behavior showed that departing would happen soon.
