How to Plan Risk-based Internal Audit of Apparel Retail Business - Using COSO Framework & Excel

Risk-Based Internal Audits in the Apparel Retail Industry: Global and Indian Perspectives

Why Watch? Stay ahead in the competitive apparel retail landscape by leveraging risk-based internal audits. Whether you're an industry professional, auditor, or enthusiast, this video offers valuable insights into the current and future state of the apparel market, emphasizing the Indian context within the global framework.

- Global apparel market: $1.7 Trillion by 2025 (#Statista).
- 63% of retailers cite supply chain risks as top concern (#Deloitte).
- India’s online fashion growth: 25% CAGR (#IBEF).

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In the rapidly evolving apparel retail sector, both in India and globally, understanding and implementing effective risk-based internal audits is crucial. This video delves into the latest trends, challenges, and best practices shaping the industry in 2025.

Key Highlights:
• Global Apparel Market Outlook: The global apparel market is projected to reach $1.84 trillion in 2025, accounting for 1.63% of the world's GDP.

• India's #Retail Expansion: India is set to become a focal point for global fashion brands, with luxury retail sales expected to grow by 15-20% in 2025

• #RiskManagement in Retail: Explore how companies are leveraging AI and digital transformation to enhance risk management, optimize supply chains, and ensure compliance in the apparel sector.

• #Sustainability and #Compliance: Understand the increasing importance of sustainability in fashion, with projections indicating that apparel consumption could rise by 63% by 2030, potentially impacting environmental resources

• #InternalAudit Best Practices: Gain insights into effective internal audit strategies that address financial, operational, and compliance risks specific to the apparel retail industry.

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