Audit & Risk

Latest

Robots: threat or promise?

in News

Robots could one day do the jobs of up to 15 million people in the UK and could see the end of once-critical professions such as accountancy, according to Mark Carney, governor of the Bank of England. But increasing automation also offers the chance to eliminate or reduce many forms of risk – from human error to fraud and reputational risk – leading to new forms of assurance and the chance for internal auditors to focus on more complex areas.

OECD calls for more safeguards on funded pensions

in News

As public provision of pensions decreases around the world, more people are relying on funded arrangements, particularly defined contribution schemes – but the design of these needs to be improved, says the latest OECD pension report.

Stress tests highlight bank resilience gaps

in News

The Bank of England's latest stress tests have revealed potential weaknesses in the event of a global recession and house price crash. Experts welcomed the findings of the tests, but warned that banks should start to prepare for new criteria in next year's tests as well as working to increase their capital in response to this year's findings.

Harnessing the power of technology in ERM: driving a continuous and verifiable process

in News

Sponsored content
Some of the greatest strides in the formalisation of enterprise risk management (ERM) have occurred within the past decade – prompted by problems such as the global financial crisis and the increasing threat of cyberattacks. So how do organisations effectively focus on a formalised risk management structure? Workiva's white paper "Harnessing the Power of Technology in ERM: Driving a Continuous and Verifiable Process" suggests some answers.

Organisations unprepared for cyberattacks

in News

A two-year study by IBM and the Ponemon Institute shows a decline in organisations’ cyber-resilience in 2016, with 66 per cent not confident in their organisation’s ability to recover from cyberattacks.

Global uncertainty tops list of risks

in News

Ambiguity caused by geopolitical shocks such as Brexit and the US election top the list of concerns for the compliance industry as it plans for the future, according to research from The Risk Advisory Group.

Focus on culture to reduce insider crime

in News

This week is International Fraud Awareness Week, but experts at Protiviti are warning organisations not to switch their focus to high profile external cyberattacks at the expense of promoting a strong internal culture and staff education.

Political risk rises up UK boardroom agenda

in News

The Brexit vote and US presidential election have pushed political risks up the agenda for UK and US risk managers, according to the latest survey by Sword Active Risk.

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 recently asked.

Blog

Looking to the future

Ian Peters, chief executive of the Chartered IIA, reflects on a successful three years before embarking on the next three.

Policy Blog

Reviewing the Financial Services Code: deadline extended

After a number of requests, the institute is extending the deadline to its consultation on the Financial Services Code to 2 December. The independent committee reviewing the code needs to hear from you, so get your views to the Chartered IIA to make your opinions known, writes Alisdair McIntosh, policy director at the Chartered IIA.

Opinion

Unlocking the true value of internal audit

I have encountered various approaches to delivering internal audit, the one constant being that internal auditors should consistently add value, writes Steve Stanbury, director of internal audit, City University London.

Profile

In conversation with Ed Balls

Former Shadow Chancellor and Internal Audit 2016 keynote speaker Ed Balls shares his thoughts on the confluence of government and corporate governance, and why it’s important to take a step back when assessing risk.

The IIA: find out more

Visit the main IIA site

Jobs

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

PwC launches cyber-breach simulation game for executives

Big four consultancy PwC has launched "Game of Threats" – an interactive game to teach senior executives the risks of cyber-attacks and encourage them to test how they would respond in real time.

CPD: work in progress

Staying up to date is essential if you want to have a successful career in internal audit – and the IIA’s CPD competency framework is designed to help.

Tools

Harnessing the power of technology in ERM: driving a continuous and verifiable process

Sponsored content
Some of the greatest strides in the formalisation of enterprise risk management (ERM) have occurred within the past decade – prompted by problems such as the global financial crisis and the increasing threat of cyberattacks. So how do organisations effectively focus on a formalised risk management structure? Workiva's white paper "Harnessing the Power of Technology in ERM: Driving a Continuous and Verifiable Process" suggests some answers.

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 recently asked.

Raising Standards

IIA Global is introducing two new professional Standards and updating some of its existing Standards with effect from 1 January 2017. So what are the changes?