Risk Insights – Maximize Audit, Minimize Risk

For the young, small or medium-sized company, it can be inherently difficult to measure the value of the internal audit. For example, upstream and midstream energy companies often employ fewer people and use less sophisticated administrative processes than similarly-sized companies in other industries. However, the unique circumstances faced by these companies highlight the need for risk mitigation, and savvy energy executives have found a way to leverage the internal audit to help define the company’s strategy and manage risk.

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