Climate change is a global issue and a topic almost every person has
an opinion on. Internal auditors are becoming more involved in this
subject as "investors and stakeholders are challenging organizations
to demonstrate a well-founded, integrated, and strategic approach to
identifying and managing climate-change risks and opportunities"
(Sen, 2022). Shareholders are holding companies accountable and
expect changes to be made to correct this global issue. Internal
auditors are expected to review companies' policies to combat and
reduce their affects on climate change. Internal auditors' role here
differs from an external auditor because internal auditors work to
help companies reduce their risk. External auditors are there to
review, they are not as involved as internal auditors are. External
auditors would be focused on determining if the company is obliging
by their climate policies and that it complies with regulations.
Internal auditors work with the company to ensure compliance
across the board.
Sen, S. (2022, August). Climate Controlled: Internal auditors need to
invest time to understand climate change risk and how the
organization is addressing it. Internal Auditor, 79(4),
58+. https://link.gale.com/apps/doc/A713047492/AONE?
u=nhc_main&sid=bookmark-AONE&xid=d9f01257
