New NAO report on the DWP highlights risk factors
in Features
According to an in-depth analysis of Department for Work and Pensions (DWP) processes by the National Audit Office (NAO), “new improvement controls are better, yet risks remain.”
Latest
How much internal audit is enough?
in Features
Sukhdev Bal, director of the internal audit practice at assurance specialists Protiviti, asks: how can heads of internal audit check that they have sufficient resources to provide adequate assurance?
Better cash management “could save Whitehall billions”
in Features
Improving cash management and fraud prevention could save the government nearly £19bn annually, according to an analysis of state spending by professional services firm Deloitte.
FSA fines Mitsui and bans executive chairman
in News
The Financial Services Authority (FSA) has fined the European arm of the Mitsui Sumitomo Insurance Company (MSIEu) £3.3m for serious corporate governance failings and imposed a ban and fine of £119,303 on its former executive chairman, Yohichi Kumagai.
FSA cracks down on system weaknesses
in News
Weak risk management systems were responsible for more than half of all the fines imposed by the Financial Services Authority (FSA) on financial services businesses last year, says the IIA.
UK “must be prepared for euro collapse”
in News
Ministers should plan to deal with a break-up of the eurozone “as a matter of urgency”, a parliamentary committee has warned.
Exclusive preview – Audit & Risk May
in Features
Financial watchdog seeks more bite from internal audit.
Best of the web
in News
Our regular round-up of articles on key internal audit and risk management issues.
Exclusive preview – Audit & Risk May/June
in Features
How to achieve integrated risk assurance in your organisation.
360° internal auditing
in Tools
As part of a study conducted at the University of Sunderland, academics researched the effectiveness of the internal audit function in the context of operational risk measurement under the Basel II banking standards. The study, which featured both a survey and interviews, compared internal auditors’ self-assessments against performance ratings given to them by their colleagues in operational risk.
Fund managers prioritise non-financial risks
in News
The task of ensuring information transparency and effective governance tops the list of concerns among professionals in the European fund management industry, a new survey has found.
Best of the web
in News
Our regular round-up of articles on key internal audit and risk management issues.
New NAO report on the DWP highlights risk factors. http://t.co/JGNPIfBL
Blog
Internal audit and the regulator: getting the right relationship
The idea that a strong, influential, professional and well resourced internal audit function is a sign of good corporate governance is not a new one.
Opinion
Skills: what’s in your toolbox?
“One of the few audit sins worse than ignoring an area at the top of the risk assessment is performing an audit for which the auditors are not qualified,” says Richard Chambers, president and CEO of IIA Global.
