Identifying and assessing risk is the basis for most of the work done in internal audit, but it is getting harder to keep up with the most relevant risks. New risks are introduced faster than we can react, and both the emerging and established risks are always changing. Often the most complicated risk to understand and evaluate is reputational risk, and one of the most volatile aspects of reputational risk comes from social media.
In this session we will discuss the different types of social media and how each poses unique opportunities and often unforeseen threats. We will specifically focus on how social media can impact reputation risk and what you can do as an Internal Audit department to ensure this risk is being addressed and properly mitigated.