Blog: Using the New Global Risks Report to Be Risk Beacons in Our Organizations
In his blog, IIA President and CEO Richard Chambers, CIA, QIAL, CGAP, CCSA, CRMA, shares his personal reflections and insights on the internal audit profession. Here’s an excerpt from his latest post:
Given the global mission of The IIA, I frequently share global studies that should be of interest to internal auditors around the world. These reports come frequently from organizations such as The World Bank, Organization for Economic Co-operation and Development, International Monetary Fund, and World Economic Forum (WEF).
All of those organizations generate valuable knowledge via thought leadership and other reports. However, in recent years, I have found WEF’s annual Global Risks Report to be particularly valuable. Those who attend my presentations at IIA conferences and other events may recall that I have used more than a decade of risk report data to illustrate the volatility of global risks in the 21st century. WEF’s Global Risks Report 2021 has just been released, and it does not disappoint when delving into the myriad risks that the world faces in the short, medium, and long term.
Generated in the midst of the COVID-19 pandemic, the Global Risks Report 2021 presents a stark reminder that risks are not just a theoretical inventory of things we should worry about; they often present clear and present dangers to global economic order, the health and safety of the world’s citizens, and potentially even the existence of humankind itself.