Companies need to face and address environmental, social and governance (ESG) issues. For example, climate change and the reduction of greenhouse gases in business is a major issue in today’s world. Companies have to deal with various risks in this context.
Consequently, this also has an impact on the internal audit function. For example, the question arises whether ESG reporting will become mandatory. The importance of ESG and the interaction with internal auditing is presented in the new article „Is ESG the New Sarbanes-Oxley? Internal audit needs to be ready to help organizations report on their environmental, social, and governance risks and initiatives“ by Logan Wamsley.
You can access it here.