When Risk No Longer Behaves: Internal Audit in a BANI World - Episode II
BANI: A New Risk Lens for Internal Auditors - I
•
13m
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 BANI emerged as a response to growing complexity, fragility, and stress within modern systems.
In this episode, we will address the following issues in conjunction with internal audit requirements and challenges
3. VUCA Explained: What It Gave Us and Where It Falls Short
4. The Origins of BANI: A Framework Born from Systemic Stress
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...
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... -
When Risk No Longer Behaves: Internal...
Conceptual frameworks only create value when they are translated into practice. Without a new approach to identifying and assessing emerging risks, Internal Audit risks responding after disruption has already occurred.
This final episode shows how BANI can be embedded into audit planning, executi...
