Internal Audit Perspectives

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Increased level of supply chain risk joins growing chain of challenges

The current global financial crisis has many businesses grappling at the enterprise level with critical issues including financial stability, risk management, and sustainability. In these times, not much escapes scrutiny as companies scramble to dot i’s, cross t’s, and continue to run their businesses—all while cutting costs. Amid this urgency for smarter operations, managing the array of risks associated with supply chain should have a place on corporate critical-issue to-do lists. And, as should be expected, internal audit functions are actively assisting business leaders as your company works to manage its increasingly complex and pervasive supply chain risk.

The following paper provides key questions that Canadian businesses should be asking about supply chain disruption and how a strong internal audit function can address and mitigate those challenges.