Audit & Risk

Latest

Brexit survey: Firms underutilising internal audit

in News

Research by the Chartered Institute of Internal Auditors indicates that British organisations were unprepared for a vote to leave the EU and less than half are using their audit functions to assess the management of Brexit risks.

Audit & Risk Awards 2016: The winners

in News

A huge congratulations to the winners of the Audit & Risk Awards 2016, sponsored by Mazars. We were delighted with the number of entries this year. And remember, if you didn’t win this year, next year it could be you - so start preparing.

Brexit: Unlocking working capital is key to growth

in News

PwC estimates that there is an opportunity to release £28bn currently tied up in working capital, money that companies can invest in growing their business as the economy slows following the EU referendum result.

Whistleblowing rules deadline approaching

in News

From 7 September 2016 banks and insurers will have to comply with new rules for a broader category of whistleblower than is defined under existing regulations.

Pay gap narrows as CEO salaries rise

in News

Figures from the High Pay Centre show that the pay ratio between chief executives and their employees dropped from 148:1 to 140:1 between 2014 and 2015, as the government trains its sights on bosses' bumper salaries.

Minimising compliance risk with technology

in Features

Corporates are under increasing pressure to demonstrate in ever more granular detail that they are compliant. Technology is the answer to minimising this growing compliance risk, writes The Risk Advisory Group's Rebecca Palser.

Healthy corporate culture is the key to value

in News

The Financial Reporting Council shares the findings of its Culture Project, the culmination of work contributed by the Chartered Institute of Internal Auditors (IIA), the Chartered Institute of Management Accountants (CIMA), the City Values Forum, the Chartered Institute of Personnel and Development (CIPD) and the Institute of Business Ethics.

Blog

Blogging from the Big Apple

IIA Global held its International Conference in New York this year. Ian Peters, chief executive of the Chartered IIA, reflects on some of the key themes to have come out of the global meeting.

Policy Blog

Internal audit and Brexit

As the institute publishes the results of a new survey on the impact of the vote to leave the European Union, policy director Alisdair McIntosh reflects on what Brexit might mean for internal audit.

Opinion

Working together: NEDs and internal audit

We are living in a fast-changing environment for communication, which means the work of internal audit is becoming more complex and lively than ever before, writes Angela Knight CBE, “serial NED” and chair of the Office of Tax Simplification.

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

Lead Auditor

Truro
£31,684 - £38,789
37 hours per week
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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

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.

Tap into a rich resource

The IIA's website has loads of useful and important resources for members and the institute is committed to improving services by putting digital at its heart. So what is available – and where can you find it?

Tools

Root Cause Analysis: a powerful tool for internal audit

Often internal audit will flag up the same issues time and again without getting to the crux, or root cause, of the issue. This is why Root Cause Analysis (RCA) is essential to improving audits, writes James Paterson, the founder of Risk & Assurance Insights.

Mapping the road to assurance

Assurance maps are a vital tool that guide internal audits and give audit committees peace of mind. Sandie Dawson, director at Dawson Corporate Advisory, offers insight into effective assurance mapping.

Practical approaches to auditing culture

Corporate culture is high on audit committees' agendas, but few understand what to look for and how to measure something as nebulous and intangible as culture. Alexander Glebovskiy, internal auditor at an FCA-regulated firm, shares his advice.