We round up the latest business and regulatory news to affect the internal audit profession.
A round-up of key news for IIA members.
A wide gap between the median pay of top executives and the median pay of the workforce is demotivating and destabilising, according to a study by the HIgh Pay Centre. Professional bodies including the CIPD and the ACCA are urging organisations and the government to address the problem in 2017.
Despite a multi-million-pound campaign to encourage more UK businesses to export, the percentage of organisations that export overseas – or plan to do so in future – remains unchanged since 2014. The ICAEW is warning that this is dangerous if, as predicted, domestic demand is likely to fall in the next year.
The International Auditing and Assurance Standards Board has published the second part of its round up of recent academic research into the factors that influence auditors' professional scepticism.
A new report by the Organisation for Economic Cooperation and Development (OECD) argues that the benefits of global migration would be strengthened if countries would work together to protect workers and encourage migrants to go to places where they are needed most.
Brexit, the Trump presidency of the US and continuing political instability in many parts of the world mean that 2017 is likely to see many increased risks for businesses and a rapidly changing regulatory and competitive market, according to the 2017 RiskMap by Control Risks.
Executives across the world believe that economic concerns will affect their businesses more severely in 2017 than in previous years, however, most are not planning to invest more in risk management, according to a survey by Protiviti.
Innovation and regulatory changes will drive investment in cloud, PaaS and bimodal IT, predicts Matthew Finnie, CTO of Interoute.
A new report by the ACCA highlights 50 factors including economic growth, the quality and availability of talent and the responses of business leaders to change as the critical factors driving change in the public sector globally.