Audit & Risk

News

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Companies vie for qualified staff

Almost two-thirds of organisations are struggling to fill vacancies for highly qualified staff, according to a new report from the CIPD and Hays. Those that do not adopt more innovative recruitment practices will miss out, it warns.

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FRC responds to consultation on going concern

The Financial Reporting Council has revised some of its plans for new guidance on going concern following a recent consultation exercise on recommendations in the Sharman Report.

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Broader IA role commands higher salaries

Employers are looking for internal auditors who can be consultative business partners, as well as offering assurance, according to the 2013 Hays Accountancy & Finance salary guide.

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Fraud costs UK economy £52bn a year

The latest fraud indicator by the National Fraud Authority highlights losses from fraud to the private sector, public sector, financial services industry, charity sector and individuals.

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UK's largest firms seek overseas growth

Research by Deloitte highlights renewed optimism and plans for investment in the UK's biggest companies. But the researchers warn the UK is underperforming in the fastest growing markets.

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International tax convention gains strength

The OECD has welcomed 12 more countries as signatories to its Convention on Mutual Administrative Assistance in Tax Matters. which aims to prevent international tax crime and help countries to share tax information.

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Draft standard expands definition of risk takers

The approval of a draft regulatory standard for banking means that any banker earning over £500,000 will be deemed a material risk taker when the standard is adopted. PwC has warned that this could affect ten times more bankers than were affected under previous rules.

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Online retailers warned over data transparency

Targeted pricing can benefit consumers, however most people do not understand how businesses collect or use personal information – or how to opt out of collection. A new report from the Office of Fair Trading warns online retailers to be more transparent.

The IIA: find out more

Visit the main IIA site

Jobs

Senior Auditor

Location: Various
£37,430 - £42,952 plus £3,000 Audit Allowance.
Ref: DFT/33/13

Careers advice

Moving up

Two former heads of internal audit explain what the role taught them and how it helped to prepare them for a seat on the board.

Every secondment counts

If you are offered a temporary work placement with another employer – perhaps even in a different function from internal audit – you’d be well advised to jump at the chance. So says Chris Monk, whose organisation, Uniac, and its staff have long reaped the benefits of secondments.

The inbetweeners

Historically a stopgap for internal auditors searching for a more permanent role, interim management is now more likely to be the consequence of a positive and actively chosen career path. Why has it become such a growth area? Barclay Simpson's Andy Whyte explains.

Training & Development

Challenging conversations are habit-forming

“Any challenging conversation needs to be handled with care because people need to be handled with care. Forget this at your peril,” says Adrian Thompson, chief internal auditor, Norfolk County Council.

Q&A

Our technical helpline provides valuable advice to members on a host of professional issues. Here are some of the questions you’ve submitted recently.

Erratum: Audit & Risk

In the November/December 2012 edition of Audit & Risk magazine, an error appeared in the listings of the IIA members who were successful in the June 2012 exams.

Tools

You asked us

Our technical helpline provides valuable advice to members on a host of professional issues. Here are some of the questions you’ve submitted recently.

A world of knowledge

The IIA is always working to produce guidance aimed at helping internal auditors to stay at the cutting edge of best practice. Pauline Scott, technical coordinator, reports on the technical team’s recent work to support members.

EQA FAQs

The institute’s technical manager, Chris Baker CMIIA, explains the value of an external quality assessment, what happens during the review process – and how best to prepare for one.