Understanding the importance of internal auditLocal Government Chronicle, 20 September 2012
Spending time, effort and money therefore on activities such as internal audit may not feel like “saving” but a focus on audit and compliance can, in fact, pay significant dividends for councils.
Top 10 reasons why frauds occur
Metro, 14 September 2012
In a blog for Metrol, Ken Frost, FCA, writes that in his roles as head of internal audit and international forensic co-ordinator, in both Philips and De Beers, he has had many years of experience investigating frauds. Based on this experience he has put together his personal “top ten” list of reasons why frauds occur.
Focus on risk, not rotation
Financial Director, 20 September 2012
Rather than enforce mandatory rotation, European regulators should be improving auditors’ risk management.
UK aid programme better value for money after DfID audit, says watchdog
The Guardian, 19 September 2012
Review of aid spent through multilateral agencies praised for bringing greater transparency and more efficient funding.
EU MEPs push back “diluted” audit reform plans
Accountancy Magazine, 19 September 2012
Companies should have two auditors to check their books, MEPs have suggested in a move that seeks to strengthen proposals to increase competition and reform the audit market.