Risk in Focus 2021
Hot Topics for Internal Auditors
Risk in Focus is an annual report analysing the top business risks which organisations across Europe are facing.
The research for Risk in Focus 2021 combines both a quantitative survey and qualitative interviews with CAEs, this time from across 11 European countries and 10 institutes of internal auditors.
For the first time, IIA Luxembourg is part of the research.
The top three risks currently facing businesses in 10 European countries are: cybersecurity and data security (79%), regulatory change and compliance (59%) and digitalisation, new technology and AI (50%).
For the first time ever, disasters and crisis response has been included in our survey, with 34% of Chief Audit Executives (CAEs) voting for it as a top 5 risk priority for their organisation.
Climate change and environmental sustainability is becoming an increasingly pressing issue for businesses, with 22% of CAEs citing it as a top 5 risk – an annual increase of 50% on the year before
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