When Risk No Longer Behaves: Internal Audit in a BANI World - Episode I
BANI: A New Risk Lens for Internal Auditors - I
•
12m
In today’s risk environment, uncertainty no longer unfolds gradually or predictably. Traditional assumptions about stability, control, and continuity are increasingly challenged by sudden disruption and systemic stress.
For Internal Audit, this creates an urgent need to rethink how risk is understood, assessed, and communicated in a world where turbulence is the norm rather than the exception.
In this episode, we will address the following issues in conjunction with internal audit requirements and challenges
1. Why Internal Auditors Need a New Lens on Risk
2. From Stability to Turbulence: How the Risk Environment Has Changed
Additionally, we offer you a Audit Playbook for “Making Sense of Chaos: A New Risk Lens for Internal Auditors – Part 1: When Risk No Longer Behaves: Internal Audit in a BANI World.”
Your Companion Guide to "The Trend Is Your Friend" Film Series by the ARC Institute.
Up Next in BANI: A New Risk Lens for Internal Auditors - I
-
When Risk No Longer Behaves: Internal...
Frameworks shape how risk is perceived, discussed, and audited. While VUCA helped organisations recognise volatility and uncertainty, today’s environment exposes its limitations in explaining systemic breakdowns and cascading failures.
This episode explores why a new framework is needed and how B... -
When Risk No Longer Behaves: Internal...
Many of today’s most significant risks are not visible through traditional control frameworks. Highly optimised systems and human pressure responses can silently amplify vulnerability, creating conditions for sudden failure.
For Internal Audit, understanding these dynamics is essential to evaluat... -
When Risk No Longer Behaves: Internal...
As systems become more interconnected, risk no longer follows linear patterns. Small events can escalate rapidly, while cause and effect become increasingly difficult to trace or explain.
This episode examines how nonlinearity and incomprehensibility challenge traditional audit approaches and why...
