Risk is simply a part of doing business. The challenge is to mitigate the ever changing risk landscape, presenting a moving target for internal controls. Organizations must remain vigilant in order to remain safe as they strive to achieve value for stakeholders.

Long-established controls environments are not equipped to respond to the agile risk landscape they operate in—they are reactive, bureacratic, and unreliable. These risks cannot be addressed individually, as they are often interconnected and require a technological approach to mitigate them accordingly.

A robust internal controls system supports an organization and increases agility, resilience and accelerates digital transformations. A bold, decisive vision is needed for organizations in order to make controls more effective and efficient while also adding value to business operations.