On 1 April public sector organisations will become liable for checking whether contractors are “genuine” limited companies or using the status for tax avoidance. Daniel Severn discusses the penalties and asks what public sector internal auditors should be doing to ensure their organisations are prepared.
Our technical helpline provides valuable advice to members on a host of professional issues. Here are some of the questions you’ve recently asked.
New regulatory demands for whistleblowing – or “speak up” – policies are raising the bar on best practice. Internal auditors need to take note.
Words: Alexander Glebovskiy
Continuing professional education is an important tool for developing your skills, progressing through your career and ensuring that the qualification and the profession are respected. The Chartered IIA’s CPE requirements will be changing in April to bring them into line with those of IIA Global. So what do you need to know to stay ahead?
Words: Ruth Prickett
The Chartered IIA is keen to work with organisations that want to ensure all their internal auditors have the right skills to succeed in today’s industry. One of these is Citigroup, which recently launched a training scheme accredited by the institute and put 20 senior internal auditors through the Chartered by Experience route to achieve CMIIA. So what does this look like in practice?
Words: Ruth Prickett
At the moment everyone in the risk and governance world is talking about “culture”, and quite a few are talking about “risk culture”. Not many can articulate the difference between the two. Why does this matter and what do directors, regulators and all those interested in risk management need to know?
Words: Richard Anderson
Metro Bank is doing things differently. While many of its competitors continue to repair their reputations, this challenger bank aims to put customers at the heart of everything it does. Chit Ghee Yeoh, its director of internal audit,explains why she believes culture sets this bank apart.
Words: Brendan Scott
Photo: Charlie Hopkinson
We don’t want a system where the best and largest organisations are the only ones with specialist, professional teams, while the others settle for an off-the-peg, minimal outsourced service, writes Simon Gascoigne, deputy director of 360 Assurance.
It is interesting that The Economist chose to rank the Trump presidency and the Brexit vote as major risks without identifying voter discontent or the economic challenges that created that discontent as risks, says Richard Chambers, president and CEO of IIA Global.
Being chartered demonstrates your skills and competence and gives you influence within both your organisation and the wider profession. All dedicated internal auditors should aspire to it, writes Ian Peters, chief executive of the IIA.