Risk Management Basics - Difference Between ERM vs Internal Audit

One of the common questions I get is the different role between the enterprise risk management (ERM) and internal audit groups. In this risk management basics video, I discuss the primary role of each group and also what to do if there is an internal audit group and no ERM group. Jason Mefford is the Lead Singer of Rock N Roll Risk Management. He helps provide a language and framework, so executives and organizations reduce frustration, fear, and fatigue to manage risks in life and business. He uses a multi-disciplinary, real-world approach that provides a more proactive, practical, and profitable view of risk management. The goal is to avoid confusion, complexity, and copy-cat syndrome; so, organizations make better decisions, improve culture, and focus resources on the risks that really matter to achieving objectives. More information at http://jasonmefford.com