“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.
Are supplier risks high enough on your companies risk register? Ian Peters, CEO of the institute, looks at what internal audit can do to raise the profile of supply chain risks in businesses.
Two tangible results have emerged from our strategy of engaging with policy-makers, regulators, business chiefs and leaders of the internal audit profession in financial services and the public sector, says Ian Peters, CEO of the institute.
It is essential that the institute receives your views on the draft code of practice for internal audit in the financial services sector, says Ian Peters, chief executive of the IIA.
“Like Dickens, we are living in an era of significant transition. Consequently there are high ambitions for our profession as a key tool of good corporate governance to win back confidence,” says Ian Peters, chief executive of the IIA.
As expectations of internal audit rise, so does the need to assess its capabilities. But how many internal audit teams are systematically reviewing their skills, practices and processes as the demands of the control environment increase?
A key part of the IIA’s mission is to increase recognition of the role and value of internal audit. So I am very pleased that the institute is starting a significant initiative in earnest this week.
September is a busy time in the conference season. The ECIIA’s annual conference in Amsterdam on September 12th-14th, is one to watch out for.
Sandy Weill, the former CEO of Citi Group, called last week for US banks that were “too big to fail” to be broken up. He joined a growing chorus of regulators, politicians, academics and even other bankers worldwide who see the industry’s future in two distinct categories: high-risk, high-reward investment banking and safer retail banking.
A report by the National Audit Office has concluded that the government should be getting better value for the £70m it spends each year on internal audit.