Hot-button Issues and Your Organization
When it comes to social concerns, companies are facing a growing and often murky world of risks. Organizations are being pressed like never before to take a stand on potentially polarizing issues. There are risks in taking positions on such issues, but there are often equal or greater risks in not doing so.
In a time of great turbulence on global and domestic fronts, organizations must craft strategies to ensure they identify and address threats related to social issues. That strategy must include seeking out independent and objective assurance from a qualified internal audit function on the efficacy of efforts to mitigate those risks.