Audit & Risk

Latest

Who should be liable for corporate fraud?

in Features

Andrew Katzen, senior partner in the business crime defence team at Hickman and Rose, explains why he believes that creating an offence of failure to prevent fraud is not the answer to the problem of how to deal with corporate liability in fraud cases.

Are your employees legal?

in Features

The penalties for hiring illegal workers just got tougher. Natasha Chell asks what companies need to know about changes to the UK’s prevention of illegal working and civil penalty system.

How to recognise emerging risks

in Features

Some emerging risks are like ticking time bombs: they can erupt suddenly and dramatically without warning. In essence, they represent “hidden” risk exposures that could trigger unexpected and embarrassing surprises. Matt Taylor, a director at Protiviti UK, describes why it is key that firms recognise risks before they are too costly to remedy.

Top students win prizes

in Features

The IIA awards two prizes annually to the students who have passed their exams first time with the highest aggregate marks. The 2013 awards went to Catherine Mills, who won the Charles Duly prize for her performance in the IIA Diploma exams, and Joanne Clewes, who won the Peter Hook prize for her results in the IIA Advanced Diploma exams.

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.

Why do an EQA?

in Features

Chris Baker CMIIA explains to Ruth Prickett why the IIA and its customers are gaining so much from the experience of an external quality assessment.

Constructive criticism?

in Features

On 28 April the Secret FD column in Financial Director magazine ran a piece subtitled: “The Secret FD’s internal auditor’s powers of deduction leave much to be desired”. The article described the Secret FD’s concerns about his organisation’s internal audit team, his ideas about how it could improve, and his plans for how this transformation could be achieved. We ran the piece past some heads of internal audit and the IIA to find out what they would suggest to someone in this situation.

Where are we now?

in Features

The scope of the internal audit function has recently been redefined by various bodies. Professor Andrew Chambers FIIA sums up the new requirements and asks whether these will prove to be enforceable – and enforced.
Illustration: Toby Morison

HIA survey 2014

in News

The latest annual heads of internal audit survey is now open.

Infinity and beyond

in Features

There are many internal audit teams that review projects with astronomical budgets, but few can lay claim to actually auditing orbital rocket launches and trips to the International Space Station. Yet for those internal auditors working at the European Space Agency (ESA), such tasks are all in a day’s work.
Words: Neil Hodge

Positive feedback

in Features

The IIA published its Financial Services Code last summer. A recent survey, sponsored by Protiviti, examined how the financial services sector has responded.

News round-up

in News

A selection of the latest news stories relating to internal audit.

Mark your calendar: IIA AGM

in News

The Chartered Institute of Internal Auditors will hold its annual general meeting (AGM) on 15 October at Regus/MWB Business Exchange, 10 Greycoat Place, London SW1P 1SB.

Career success: IA’s vital characteristics?

in Features

“The best internal auditors display initiative, flexibility, creativity, natural curiosity and a strong work ethic. They are persuasive and service-orientated, and demonstrate an array of technical skills.”

Blog

Culture: can it be audited?

“The key question is how best to gather evidence to show the extent to which values are being lived at every level in recruitment, training, performance management and reward arrangements,” writes Ian Peters, CEO of the IIA.

Policy Blog

Culture and the role of internal audit

David Lyscom, policy director at the IIA, explains the key points of the institute's new report and guidance on auditing culture.

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

Difference class

The role of head of audit at the Department for International Development is anything but a desk job. Anthony Garnett CMIIA explains what’s involved and why his team has a unique opportunity to see how their work makes a real difference to people’s lives.
Words: Ruth Prickett
Photographs: Liam Sharp

The IIA: find out more

Visit the main IIA site

Jobs

IT Auditor

British Airways
London Heathrow
Competitive salary

Careers advice

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.

Talent: in search of the Holy Grail

“A German colleague at Zurich introduced me to the term ‘Eierlegende Wollmilchsau’ – literally an egg-laying, woolly, milk-producing pig. This is the impossible person we’re all looking for,” says Mike Taylor, head of global internal audit at Experian.

Training & Development

Top students win prizes

The IIA awards two prizes annually to the students who have passed their exams first time with the highest aggregate marks. The 2013 awards went to Catherine Mills, who won the Charles Duly prize for her performance in the IIA Diploma exams, and Joanne Clewes, who won the Peter Hook prize for her results in the IIA Advanced Diploma exams.

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.

Best in show

Three internal auditors were awarded prizes for their performance in their IIA exams in 2013. Two of these prizewinners tell us how they achieved it.

Tools

Are your employees legal?

The penalties for hiring illegal workers just got tougher. Natasha Chell asks what companies need to know about changes to the UK’s prevention of illegal working and civil penalty system.

How to recognise emerging risks

Some emerging risks are like ticking time bombs: they can erupt suddenly and dramatically without warning. In essence, they represent “hidden” risk exposures that could trigger unexpected and embarrassing surprises. Matt Taylor, a director at Protiviti UK, describes why it is key that firms recognise risks before they are too costly to remedy.

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.