Audit & Risk

Profiles

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Banking on change

Metro Bank is doing things differently. While many of its competitors continue to repair their reputations, this challenger bank aims to put customers at the heart of everything it does. Chit Ghee Yeoh, its director of internal audit,explains why she believes culture sets this bank apart.
Words: Brendan Scott
Photo: Charlie Hopkinson

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In conversation with Ed Balls

Former Shadow Chancellor and Internal Audit 2016 keynote speaker Ed Balls shares his thoughts on the confluence of government and corporate governance, and why it’s important to take a step back when assessing risk.

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Close co-operation

After a challenging period the Co-operative Group is returning to its former glory. For Saleem Chowdhery, the Co-op’s director of group internal audit, the work’s not over just yet.

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Sterling service

It is nearly a year since the inception of the Government Internal Audit Agency. Chief executive Jon Whitfield reflects on the agency’s early progress and the work that lies ahead.

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Watching the watchmen

The internal audit function of Ireland’s An Garda Síochána was formerly staffed entirely by uniformed officers. Internal audit chief Niall Kelly describes how the function has been transformed to better reflect its vital role.

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Agile auditing

It is as important for internal auditors to understand the philosophy of their internal audit function and the soft skills that it requires as it is to have technical expertise, argues Phil Gerrard, director of internal audit at Rolls-Royce. He explains how this approach is helping his team to develop and add value to its relationship with managers, non-executive directors and shareholders.
Words: Ruth Prickett
Photographs: Peter Searle

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Great expectations

Paul Kaczmar FIIA, newly elected president of the IIA, explains why internal audit should be more aspirational about its scope and value to business and reveals how he hopes to see the institute’s work in this area develop in the coming year.
Words: Ruth Prickett
Photographs: Greg Funnell

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Learning curve

They say that true job satisfaction comes from achievable goals. Julian Wynter explains why he hopes that a new IIA accreditation programme will help the internal audit team at Standard Chartered Bank achieve its aspirations.
Words: Ruth Prickett Photographs: Peter Searle

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Difference class

The role of head of audit at the Department for International Development is anything but a desk job. Anthony Garnett CMIIA explains what’s involved and why his team has a unique opportunity to see how their work makes a real difference to people’s lives.
Words: Ruth Prickett
Photographs: Liam Sharp

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Growth barometer

Growth is returning to the economy, creating new challenges for financial services organisations that need to adapt their plans and risk appetites. So how are they responding and what is internal audit’s role? We spoke to two very different financial services organisations – the newly devolved TSB bank and Nationwide, the largest mutual in the UK – to find out.
Words: Ruth Prickett
Illustration: Toby Morison

The IIA: find out more

Visit the main IIA site

Jobs

Auditor

Post Number: FSA02
Grade: 7- SO2 Salary: £23,166 - £29,854
Hours: 37 per week

Audit Manager

£38,789 - £42,474 pa
37 hpw, permanent.

Senior Internal Auditor

Sector: Not For Profit
Salary: £41,000 (raising to £46,000 after probation)
Location: London
Job Ref: SD/148943

Careers advice

Destination designation

The Chartered IIA is keen to work with organisations that want to ensure all their internal auditors have the right skills to succeed in today’s industry. One of these is Citigroup, which recently launched a training scheme accredited by the institute and put 20 senior internal auditors through the Chartered by Experience route to achieve CMIIA. So what does this look like in practice?
Words: Ruth Prickett

Gold standard – the value of recognition

Being chartered demonstrates your skills and competence and gives you influence within both your organisation and the wider profession. All dedicated internal auditors should aspire to it, writes Ian Peters, chief executive of the IIA.

Chartered by Experience

There is a new route to becoming a chartered internal auditor: Chartered by Experience.

Training & Development

CPE: Solid foundations

Continuing professional education is an important tool for developing your skills, progressing through your career and ensuring that the qualification and the profession are respected. The Chartered IIA’s CPE requirements will be changing in April to bring them into line with those of IIA Global. So what do you need to know to stay ahead?
Words: Ruth Prickett

Destination designation

The Chartered IIA is keen to work with organisations that want to ensure all their internal auditors have the right skills to succeed in today’s industry. One of these is Citigroup, which recently launched a training scheme accredited by the institute and put 20 senior internal auditors through the Chartered by Experience route to achieve CMIIA. So what does this look like in practice?
Words: Ruth Prickett

Gold standard – the value of recognition

Being chartered demonstrates your skills and competence and gives you influence within both your organisation and the wider profession. All dedicated internal auditors should aspire to it, writes Ian Peters, chief executive of the IIA.

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 recently asked.

Early warning systems

New regulatory demands for whistleblowing – or “speak up” – policies are raising the bar on best practice. Internal auditors need to take note.
Words: Alexander Glebovskiy

CPE: Solid foundations

Continuing professional education is an important tool for developing your skills, progressing through your career and ensuring that the qualification and the profession are respected. The Chartered IIA’s CPE requirements will be changing in April to bring them into line with those of IIA Global. So what do you need to know to stay ahead?
Words: Ruth Prickett