What is the current day perception of internal audit and risk management? Would more companies see it favorably moving forward?

In this corporate scenario managing risk has been increasingly acknowledged.All organisation are under pressure to identify possible businesses risk such as financial,operation etc. they may face.

Risk management & Internal Auditing plays significant role in finding any possible risk which may occur and further minimizing and managing them to acceptable level.This is the reason that risk management framework is expanding since organization recognize their advantages over coordination approach to Internal Audit and risk management both its assurance and implementation/consulting roles because it contribute to management of risks in variety of ways.