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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Institute produces guide to enterprise risk management

The IIA Global Research Foundation has published Enterprise Risk Management: Achieving and Sustaining Success. It’s designed to translate complex ERM concepts into concrete guidance that internal auditors should find straightforward and practical.
Visit bit.ly/PYgGoi for further details.

UK manufacturers shrink their supply chains as a continuity measure

A survey by EEF, the manufacturers’ organisation, has found that many British companies are looking to bring production facilities back in-house in an effort to reduce their supply-chain risks.
Visit bit.ly/Nqnm97 for more information.

Medium-sized firms forego balanced scorecards

Fewer than 20 per cent of mid-sized companies in the UK are using balanced scorecards to measure performance, according to research by Source for Consulting and Advanced Business Solutions. The main barriers to their implementation were the lack of a champion for the project and an organisational culture that does not support analysis and objective decision-making.
Email pr@advancedcomputersoftware.com to request a copy of the research report.

The IIA: find out more

Visit the main IIA site

Jobs

Head of Internal Audit

Based in either Croydon or Sittingbourne.
Salary c£60,000 per annum plus benefits, inc. car allowance.

Senior Auditor

Bedford
£30,851 - £33,661, Part-time, 18.5 hours per week, Quote ref: P000563

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.