The “Risk Management and Internal Audit: Forging a Collaborative Alliance” report defines the roles and responsibilities of both the risk management and internal audit functions. It highlights four common practices, as well as the value that each of the practices generates for organizations, while building robust risk management capabilities. The report also features four cases that highlight differing approaches certain highly regarded organizations have taken in realizing the benefits of forming such alliances: Cisco Systems, Hospital Corporation of America, TD Ameritrade, and Whirlpool Corporation.