What is Internal Audit Role in Enterprise Risk Management?

Internal Audit role with regard to ERM is to provide objective assurance to the board on the effectiveness of risk management. The board of directors and internal auditors agree that the two most important ways that internal auditing provides value to the organization are in providing objective assurance that the major business risks are being managed appropriately and providing assurance that the risk management and internal control framework is operating effectively

"Internal auditing is an independent, objective assurance and consulting activity designed to add value and improve an organisation's operations. It helps an organisation accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control, and governance processes

AGREED WITH MR KHALID