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Click here to access subscription content at The RTJ Bridge - The Premium Version of The RiskTech Journal 〰️

The RiskTech Journal

The RiskTech Journal is your premier source for insights on cutting-edge risk management technologies. We deliver expert analysis, industry trends, and practical solutions to help professionals stay ahead in an ever-changing risk landscape. Join us to explore the innovations shaping the future of risk management.

The Myth of Internal Audit Independence: Why It’s Time to Evolve Beyond GRC Thinking
Internal Audit, GRC, Government John A. Wheeler Internal Audit, GRC, Government John A. Wheeler

The Myth of Internal Audit Independence: Why It’s Time to Evolve Beyond GRC Thinking

The debate over the true independence of internal audit (IA) has resurfaced with new urgency following the recent high-profile firings of multiple inspectors general (IGs). Government IGs in the United States operate in similar ways to IA in private-sector organizations. Given their similarity, these IG dismissals have sparked controversy within the IA community, with critics arguing they threaten government oversight and accountability. The situation underscores a long-standing issue: IA and IGs are not truly independent, and continuing to believe otherwise does more harm than good.

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What the Public Sector Can Learn from the Private Sector’s Embrace of Integrated Risk Management
Government, Private Sector Samantha "Sam" Jones Government, Private Sector Samantha "Sam" Jones

What the Public Sector Can Learn from the Private Sector’s Embrace of Integrated Risk Management

While risk management is not new to government institutions, the public sector lags behind the private sector in adopting a truly integrated approach. The world’s leading corporations have embraced IRM as a critical framework for anticipating threats, enhancing resilience, and driving long-term value creation. It is time for the public sector to take a page from the private sector’s playbook.

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