New Chartered IIA business poll reveals emergent risks to businesses driven by organisational culture erosion
Almost half (45.5%) of chief audit executives report that the pandemic has adversely impacted organisational culture. Prior to the pandemic culture ranked well outside the top 5 risks to businesses, surpassed by prevailing issues such as cybersecurity and compliance. The steep rise of organisational culture up the list of risks to business has been found in a new poll of over 700 chief audit executives commissioned by the Chartered Institute of Internal Auditors to monitor which risks have been most impacted by the Covid-19 pandemic.
Chief audit executives reported that the top five risks to businesses exacerbated by the pandemic were:
- Business continuity, crisis management, and disasters response (67%)
- Cybersecurity and data security (62.5%)
- Health, safety, and security (53%)
- Organisational culture (45.5%)
- Financial, liquidity and insolvency risks (43%)
These results indicate that businesses must do more to…
