Navigating geopolitical risk

Geopolitical risk is becoming far higher in profile on the risk radar of most businesses and is a board agenda item – and according to our research conducted in support of this report, one which demands a collaborative response from risk and internal audit professionals.

Chief audit executives consider geopolitical uncertainty a major risk, but internal audit spends little time on the subject, according to a report co-produced by the Chartered Institute of Internal Auditors. The Russia-Ukraine war, as well as changes in monetary policy and political leadership, are among contributors to geopolitical uncertainty, which is expected to remain heightened for a while, the report states.