Risk professionals expect a dynamic risk environment in 2021

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A majority of audit and risk professionals believe the risk environment will continue to be dynamic and unpredictable in 2021, rather than returning to more stable pre-pandemic conditions, an AuditBoard survey finds.

The top risk they cited for the coming year was of “economic conditions impacting growth,” followed closely by “cybersecurity threats.”

The responses also illustrate the long-term changes audit and risk professionals will experience in their roles as a result of the pandemic, and how crucial those individuals will be in helping organizations overcome risk challenges despite gaps in enterprise risk management (ERM) programs.

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