Audit & Risk

Best of the web

Our regular round-up of articles on key internal audit and risk management issues.

in News.

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FRC gives verdict on audit quality inspections
The Professional Oversight Board of the Financial Reporting Council, the UK’s corporate governance watchdog, has published its annual report on audit quality inspections conducted in 2011-12.
bit.ly/M6hNAA

Half of UK companies ignore warnings on data security
More than two-thirds of firms surveyed by IT outsourcing firm The Bunker said that reports of serious data security breaches had made them more aware of the risk, yet almost half had done nothing to improve their own security.
bit.ly/LeXf9Q

Speaker line-up for World Risk Day virtual summit announced
World Risk Day, the first awareness day focused on risk management, has announced the initial schedule of speakers for its virtual summit, which take place on 26 June.
www.worldriskday.com/virtual-summit

BYOD is top concern for enterprise mobile security
The growth of the trend known as BYOD (bring your own device – including laptops, tablet PCs and handheld devices – to work) is creating new data security risks for organisations, a survey by Gartner has found.
www.gartner.com/it/page.jsp?id=2048617

The IIA: find out more

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Jobs

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Internal Auditor

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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.