Most organizations conduct some type of risk assessment in the form of risk maps, heat maps and risk rankings. These assessments provide an overall picture of the enterprise’s risks. However, does this risk profile adequately reflect current business realities? This is an important question to examine, because many audit committees are responsible for asking about the company’s risk management capabilities.

The business environment is constantly changing, therefore the board of directors needs to take a look at the company’s risk profile annually. Interesting challenges are in store for audit committees in the coming year and in this issue of The Bulletin, we deliver the top risk issues warranting consideration for inclusion on the 2016 agenda.