This video talks about Internal Audit and Risk Management where Pamela Champagne, Consultant, ShoreBank International, discusses the key components of Internal Audit System. She explains the reporting structure of Internal Audit, the staffing required and how to make the audit effective. She further discusses the responsibility of various stakeholders in risk management and how BoD through oversight can help in managing risks. She also enlists the importance of risk management and the parameters to assess the quality of internal controls.