Think outside the mines

A SURVEY by global risk consulting firm Protiviti in the mining sector has discovered that just over half of respondents had established enterprise risk management frameworks.

It found that 58 per cent of respondents – primarily larger mining companies – had failed to implement risk strategies.

The study has sent a message to internal auditors in multi-national resource companies to extend their skills beyond their established areas of responsibility to present a consistent message to management and shareholders.

One quarter of the companies surveyed did not have a risk management framework at all, while just 42 per cent had internal audit functions integrated with the overall risk management framework.

Help us deliver quality journalism to you.
As a free and independent news site providing daily updates
during a period of unprecedented challenges for businesses everywhere
we call on your support

Business success comes from thinking inside the box for TAXIBOX founder
Partner Content
On a first glance, the world of storage solutions might not seem particularly exciting ...
TAXIBOX
Advertisement

Related Stories

Will philosophy and ‘counterfactuals’ help us unlock the mysteries of AI?

Will philosophy and ‘counterfactuals’ help us unlock the mysteries of AI?

Artificial intelligence is increasingly being rolled out all around...

ACCC launches probe into misleading social media influencer posts

ACCC launches probe into misleading social media influencer posts

Australia's consumer watchdog is cracking down on social media ...

Takeover talks reignited between Tyro and Potentia Capital

Takeover talks reignited between Tyro and Potentia Capital

Talks of a potential takeover are back on between Sydney-based Tyro...

Go1 acquires AI-powered ed-tech Anders Pink

Go1 acquires AI-powered ed-tech Anders Pink

Queensland-based Go1 has this week acquired a UK ed-tech partner fo...