Audit & Risk

Off the wire

Our regular listing of key news stories on the internet.

in News.

Article Image

IIA to revise code of conduct for internal auditors

Financial Times, 9 September
Internal auditors of financial companies are to get a new UK code of conduct, aimed at securing them increased resources and respect, while getting them to focus more on risk management, the Chartered Institute of Internal Auditors has announced.
http://on.ft.com/PhyeLb

RSA appoints new group chief auditor

HITC Business, 7 September
Global insurer RSA has announced Caroline Ramsay’s appointment as group chief auditor. Ramsay replaces Anne Jaeger, who has returned to Denmark to take on the role of chief risk and compliance officer for RSA Scandinavia.
bit.ly/UE2mky

Hundreds of computers go missing from Glasgow City Council

IT Pro, 4 September
Scotland’s largest local authority, Glasgow City Council, audited its IT estate after the theft of two laptops in May to find that 286 laptops and 487 desktop PCs were unaccounted for, as well as nearly 100 other items, such as smartphones and memory sticks.
bit.ly/TipXYi

Northern Ireland Housing Executive slammed over maintenance deals

Belfast Telegraph, 4 September
The Northern Ireland Housing Executive has failed to tackle the potential for fraud and shoddy workmanship, according to a report by the NI Audit Office, which found that the executive had left itself open to losses in maintenance contracts totalling £200m in 2006-11.
The report raised concerns about a range of other issues, including the treatment of whistle-blowers and findings that senior managers were resistant to negative internal audit findings and had suppressed a critical report on its disposals of land.
bit.ly/RF3P5Z

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.