Audit & Risk

Global review

Top audit and risk stories from around the world.

in News.

Article Image

INDIA

India ranked least business-friendly of the Brics nations

MSN News, 8 August

A World Bank report has given India the lowest ranking among Brics countries for ease of doing business. South Africa came in first place, followed by China, Russia and then Brazil.
http://on-msn.com/PdKk78

CANADA

Canada bank regulator issues draft governance guidelines

The Wall Street Journal, 7 August

Canada’s top financial industry regulator plans to plug corporate governance holes at federally regulated financial institutions by issuing new guidelines this year – the first such overhaul in almost a decade. The draft revisions have been released for public comment.
http://on.wsj.com/MuBDkP

KUWAIT

Kuwait acts to strengthen banking and corporate governance framework

Global Arab Network, 31 July

Corporate governance rules announced in June by the Central Bank of Kuwait have been designed to strengthen the banking sector and address issues that have been attributed to a weak corporate governance framework.
bit.ly/QWXjrx

SOUTH AFRICA

Internal auditors intimidated, ordered to hide corruption at councils

Business Report, 29 July

Internal auditors scrutinising municipal books in South Africa have been intimidated and, in some cases, instructed to sweep corruption under the carpet, according to Dr Claudelle von Eck, chief executive of IIA South Africa.
bit.ly/R8XHJi

SINGAPORE

Singapore firms to improve disclosure practices, transparency

Bikya Masr, 24 July

Disclosure practices by Singapore businesses have improved over the past four years, according to recently published research. Their mean score on the governance and transparency index has increased by more than ten per cent since 2011.
bit.ly/P7zRed

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.