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GATHERING KNOWLEDGE AND INFORMATION ABOUT the nature of business risks that face the organization, how those risks are managed, and to what extent they impact the organization's business processes and strategic goals is an inherent competency for most internal audit functions. In addition, internal auditors are uniquely positioned to share that information throughout the organization and thereby greatly increase the company's ability to manage its risks effectively. In many of today's best-in -class businesses, where sharing risk and control knowledge is widely known to be an effective risk management strategy, internal auditors are, in a sense, leading a knowledge-sharing movement, one that is directly tied to the concept and practice of enterprise risk management (ERM).