Audit & Risk

Latest

Council bosses predict service cuts

in News

A survey of 100 chief executives and leaders of local authorities by PwC has found that only one in ten is confident they can achieve the savings required in the longer term.

Firms fail to act on business continuity data

in News

IT risks top the list of risks that could damage business continuity, according to the Business Continuity Institute. However, fewer than half of organisations that use trend analysis say they use the results to inform their actions.

Top tips for managing social media risk

in Features

The FCA is drafting guidelines to help financial services organisations deal with their increasing use of social media. Much of the advice will also be useful for those in less strictly regulated sectors. So what areas should organisations be considering now? James Leavesley, CEO of CrowdControlHQ gives his top tips.

NAO publishes local audit code

in News

The National Audit Office (NAO) has published the Code of Audit Practice for local public bodies, which will take effect from 1 April.

Firms struggle to fill City risk jobs

in News

The Robert Walters City Job Index for February 2015 shows that vacancies in risk and compliance roles have risen, while candidate numbers have fallen.

You asked us

in Features

Our technical helpline provides valuable advice to members on a host of professional issues. Here are some of the questions you’ve submitted recently.

Sterling start-up

in Features

When specialist buy-to-let mortgage lender Paragon Group decided to open a banking subsidiary, it asked its internal audit department for assurance that its systems and operations were fit for purpose and that it could comply with stringent regulations. The regulators requested an assessment of the bank’s internal audit capabilities, so head of internal audit Steve Powell turned to the IIA’s external quality assessment (EQA) service.
Words: Ruth Prickett

Talent contest

in Features

As growth has returned to the UK economy, so has competition for the best people. Internal audit often gets involved in checking compliance with employment regulations, but do you regularly consider your organisation’s approaches to attracting the right staff and keeping them? How can you assure the board that the business has the right people in place now and in the pipeline?
Words: Wilma Tulloch

Blog

Policy Blog

Opinion

One-man band: sharing is vital

“Working with no staff has a number of advantages and disadvantages. It means that you have hands-on experience of, potentially, every aspect of the organisation you work for,” says John Collier PIIA, head of audit and risk management, the Economist Group.

Profile

Great expectations

Paul Kaczmar FIIA, newly elected president of the IIA, explains why internal audit should be more aspirational about its scope and value to business and reveals how he hopes to see the institute’s work in this area develop in the coming year.
Words: Ruth Prickett
Photographs: Greg Funnell

The IIA: find out more

Visit the main IIA site

Jobs

Senior Internal Auditor

Location – Brock Street, London, NW1 3FG
Contract – Permanent
Salary - £40,373 + £4000 Local Job Supplement + benefits

Careers advice

Chartered by Experience

There is a new route to becoming a chartered internal auditor: Chartered by Experience.

Room to grow

If you feel stuck in your role or sector, yet are keen to progress in an internal auditing career, what are your options? You could become a non-executive director or contribute your experience to higher education, suggests Ann Brook CFIIA.

Time to volunteer

Rachel Bowden, chair of the IIA’s Guidance Working Group, explains why she started volunteering and what she has gained from the experience.

Training & Development

Talent contest

As growth has returned to the UK economy, so has competition for the best people. Internal audit often gets involved in checking compliance with employment regulations, but do you regularly consider your organisation’s approaches to attracting the right staff and keeping them? How can you assure the board that the business has the right people in place now and in the pipeline?
Words: Wilma Tulloch

Businesses struggle to recruit skilled staff

Years of cutting investment in training and development has led to a shortage of skilled professionals, according to new research by Robert Walters. Companies need to start training again, the recruitment consultancy, warned, but they also need to look further afield for new employees.

Prize performance

Abigail Francis, principal auditor at Mazars, won this year’s Charles Duly Prize for the best aggregate performance in the IIA Diploma exams. She explains how she did it.

Tools

Top tips for managing social media risk

The FCA is drafting guidelines to help financial services organisations deal with their increasing use of social media. Much of the advice will also be useful for those in less strictly regulated sectors. So what areas should organisations be considering now? James Leavesley, CEO of CrowdControlHQ gives his top tips.

You asked us

Our technical helpline provides valuable advice to members on a host of professional issues. Here are some of the questions you’ve submitted recently.

Spring clean your reporting style

Sara I James offers advice on one of the toughest audit tasks: drafting, reviewing and issuing the audit report.