CIA Part 1 - Risk Appetite and Acceptable Risk

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In this video, we will explore the concepts of risk appetite and acceptable risk in the context of internal audit. Risk appetite refers to the level of risk that an organization is willing to accept in pursuit of its objectives, while acceptable risk is the level of risk that management deems acceptable within the organization's risk appetite. We will discuss the importance of defining risk appetite and acceptable risk and how internal auditors can provide assurance that the organization's risk management practices are aligned with these concepts. This topic is relevant for those studying for the CIA certification from the IIA and for those interested in risk management and internal audit.

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