Reputation tops risk concerns at investment firms
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Investment organisations have improved their risk awareness, but many still show a "disconnect" between business and risk functions, according to a report by the Economist Intelligence Unit.
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Investment organisations have improved their risk awareness, but many still show a "disconnect" between business and risk functions, according to a report by the Economist Intelligence Unit.
in News
A new UN initiative with PwC is urging multinationals to work with companies in their extended supply chains and with governments to identify and manage risks from natural disasters.
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.
in Features
The IIA is always working to produce guidance aimed at helping internal auditors to stay at the cutting edge of best practice. Pauline Scott, technical coordinator, reports on the technical team’s recent work to support members.
in News
The IIA and IOD have published a document explaining the value of internal audit for company directors.
in Features
The use of relatively cheap suppliers overseas has enabled UK businesses to compete more effectively on cost. But, as the recent horse meat scandal showed, operating long international supply chains is not without its dangers. Words: Alice Hoey. Illustrations: Matthew Hollister
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The IIA is holding the largest annual gathering of internal auditors next year. It needs your help to make this an occasion to remember.
in Features
Armand Lumens is chief internal auditor engaged in risk management at Royal Dutch Shell – the company where he’s spent pretty much his entire working life. But it’s the diversity of his career that gives his current role real clout. Words: Richard Young. Photographs: Liam Sharp.
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George Osborne is set to make further budget cuts in the 26 June spending review.
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Douglas Flint, group chairman of HSBC Holdings, is to be the guest speaker at the IIA annual dinner on 20 June.
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The Financial Conduct Authority's business plan and risk outlook includes risks such as firms not investing in innovative new products.
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UK firms were caught by surprise by this winter's bad weather.
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The Financial Services Authority should have been aware of the risk of inappropriate Libor submissions, according to its internal audit report.
Global supply chains create "systemic risk" to business as usual. http://t.co/RKk6VlbZfi
“If the result of the Salz review is a sounder corporate environment at Barclays there may be lessons for other organisations, regardless of their sector. So where does internal audit feature in this?” says Ian Peters, CEO of the IIA.
“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.
Based in either Croydon or Sittingbourne.
Salary c£60,000 per annum plus benefits, inc. car allowance.
Yorkshire
£35,000-44,000 + bens. Sector: Financial Services. Ref: DJ/32540
Cheltenham
£25,000-32,000 + bens. Sector: Insurance.
Ref: DJ/29020
Two former heads of internal audit explain what the role taught them and how it helped to prepare them for a seat on the board.
If you are offered a temporary work placement with another employer – perhaps even in a different function from internal audit – you’d be well advised to jump at the chance. So says Chris Monk, whose organisation, Uniac, and its staff have long reaped the benefits of secondments.
Historically a stopgap for internal auditors searching for a more permanent role, interim management is now more likely to be the consequence of a positive and actively chosen career path. Why has it become such a growth area? Barclay Simpson's Andy Whyte explains.
“Any challenging conversation needs to be handled with care because people need to be handled with care. Forget this at your peril,” says Adrian Thompson, chief internal auditor, Norfolk County Council.
Our technical helpline provides valuable advice to members on a host of professional issues. Here are some of the questions you’ve submitted recently.
In the November/December 2012 edition of Audit & Risk magazine, an error appeared in the listings of the IIA members who were successful in the June 2012 exams.
Our technical helpline provides valuable advice to members on a host of professional issues. Here are some of the questions you’ve submitted recently.
The IIA is always working to produce guidance aimed at helping internal auditors to stay at the cutting edge of best practice. Pauline Scott, technical coordinator, reports on the technical team’s recent work to support members.
The institute’s technical manager, Chris Baker CMIIA, explains the value of an external quality assessment, what happens during the review process – and how best to prepare for one.