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GRC Part 2: Quantifying Non-financial Risk

Global Knowledge Brief The IIA May 22, 2023

GRC Part 2

Quantifying Non-financial Risk

Management guru Peter Drucker once said, “[only] what gets measured, gets managed.” So, how are organizations quantifying non-financial risk? Internal audit can play a key role in helping organizations develop strategies that tackle this issue. 

This Global Knowledge Brief, the second in a three-part series on governance, risk, and control (GRC), examines the challenges of quantifying non-financial risks and how companies are addressing them, as well as the important role that internal audit can play in advancing understanding in this area. 

The IIA

The Institute of Internal Auditors