LAS VEGAS — AuditBoard, a cloud-based platform focused on audit, risk, compliance and ESG management, has announced the release of a new book by Richard Chambers, a senior advisor with the organization and the former CEO of The Institute of Internal Auditors.

“Connected Risk: Conquering the Perilous Risk Exposure Gap,” is a deep dive into the challenges facing enterprises in a volatile risk environment. In it, Chambers provides a blueprint for organizations to adopt a “connected risk” approach to reduce silos, leverage technology and foster collaboration among all key risk management players.

This latest release builds on Chambers’ earlier books: “The Speed of Risk: Lessons Learned on the Audit Trail, Third Edition,” “Trusted Advisors: Key Attributes of Outstanding Internal Auditors, Second Edition” and “Agents of Change: Internal Audit in the Era of Permacrisis, Second Edition.” His previous works explore his 40 years of experience in internal audit and the evolution of the profession.

“In the first half of the 2020s, we have learned that managing risks in silos only creates more risk,” said Chambers. “The approach I advocate in this book is one termed ‘connected risk’ — a modern, cross-functional and technology-enabled approach to managing risk across the enterprise. We need to work together — audit, risk management, information security and beyond — to not only protect but also create value. This book is a call to action for all of us to rethink how we manage risk in this age of constant crisis.”

Drawing on his perspective as an internal auditor, business leader and board member, Chambers lays out the current state of risk management and the case for connected risk in five parts:

• Part one inspects the root causes behind the speed of risk and the devastating value destruction effects we have observed as a result.
• Part two assesses the phenomenon of the “risk exposure gap.”
• Part three considers how the effects of the risk exposure gap are impacting organizations.
• Part four offers a deep dive into connected risk, including identifying the key attributes of connected risk thinkers.
• Part five looks forward, sharing strategies and thoughts on the future of risk management.

“This latest book from Richard, like his earlier offerings, should be considered an addition to every internal auditor’s toolkit — and is a must-read for any risk-focused professionals across the three lines looking to elevate their impact and profession,” said David Hill, CEO at SWAP Internal Audit Services.

To learn more about modern risk management, listen to the latest episodes of Chambers’s podcast “Agents of Change,” or tune into his keynote presentation at Audit & Beyond.