Audit & Risk

Latest

European Commission finds that IFRS have benefited EU stakeholders

in News

A new report by the European Commission has found that the imposition of International Financial Reporting Standards on EU listed companies has improved the quality and consistency of reports. However, it acknowledges that more work needs to be done to ensure that application of the standards is consistent and enforced.

City faces shortage of risk professionals

in News

A combination of high current demand and a lack of recruitment during the last recession means that City firms are now struggling to find skilled risk professionals, according to the latest Robert Walters City Jobs Index.

“Hyperconnectivity” is most serious risk for organisations

in News

A new report by the Economist Intelligence Unit reveals that most executives see increasing hyperconnectivity between the internet, mobile technology and the “internet of things” as a major risk, but also as a positive opportunity. However, the report warns that most underestimate the “profound” changes it will require.

NAO calls for improved monitoring of payment by results schemes

in News

The government is increasingly using payment by results schemes – and these now account for £15bn of spending. However, the National Audit Office has found that many are poorly monitored and has warned that this could lead to inappropriate schemes or ones that offer the wrong incentives.

EIU warns of skills gap

in News

A new report from the Economist Intelligence Unit (EIU) has highlighted worldwide concerns that education is not providing students with the skills that businesses need.

Join the dots

in Features

In the kingdom of the blind the one-eyed man might be king, but today’s technology means that any one-eyed – or blinkered – internal audit team will be falling well behind the leaders and missing out on huge opportunities for their own roles, their function and for their businesses. If you are spending too much time doing admin, yet still lack the data and oversight you require, you need to think seriously about your future, according to technology solutions provider ACL.

Terrorism map warns of rising risks in developed economies

in News

While many countries across the world are judged less risky than previously, businesses should be aware that the risk of terrorism in nine developed economies has risen, according to a new Terrorism and Political Violence Map from Aon Risk Solutions and The Risk Advisory Group.

Blog

IIA examines contract and supplier risk

A forthcoming IIA research project will look at how organisations manage their supply chain risks – and where internal audit should be involved, writes Ian Peters, CEO of the IIA.

Policy Blog

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

Great expectations

Paul Kaczmar FIIA, newly elected president of the IIA, explains why internal audit should be more aspirational about its scope and value to business and reveals how he hopes to see the institute’s work in this area develop in the coming year.
Words: Ruth Prickett
Photographs: Greg Funnell

The IIA: find out more

Visit the main IIA site

Jobs

AVP Operations Audit

Sector: Banking & Finance – Investment, Financial Services
Salary: To £75,000 + bens + bonus
Location: London UK
Our Ref: IM/119350

Programme Auditor

Permanent Full Time 36 hours
PO6 £32,453 - £35,309
Ref No: FN-03-015

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

What every director should know

Two years after its first publication, the IIA has published an updated and revised version of its "What Every Director Should Know" guide. So what's changed and who should read it?

A global future

Our recent announcement of our agreement with IIA Global to introduce the CIA certification and the new Qualification in Internal Audit Leadership (QIAL) has benefits for all members. It’s a step that will not only provide student members with a more flexible exam system and a globally recognised certificate, but will also add a new senior-level qualification for heads of internal audit. So what will this mean for you?

Training: drivers of positive change

I need to be sure that everyone works to the same standard, no matter what other qualifications they hold or what professional field or country they come from, says
Mark Carawan, chief auditor, Citigroup

Tools

Join the dots

In the kingdom of the blind the one-eyed man might be king, but today’s technology means that any one-eyed – or blinkered – internal audit team will be falling well behind the leaders and missing out on huge opportunities for their own roles, their function and for their businesses. If you are spending too much time doing admin, yet still lack the data and oversight you require, you need to think seriously about your future, according to technology solutions provider ACL.

How to prevent internal data breaches

While organisations pour millions into protecting themselves from external cyber attacks, few spend much time considering the effect of an attack by a disgruntled employee, who already has authorised access to the corporate network. Yet such attacks can be deadly. T K Keanini, CTO at Lancope, explains what organisations can do to ensure they are better protected.

What every director should know

Two years after its first publication, the IIA has published an updated and revised version of its "What Every Director Should Know" guide. So what's changed and who should read it?