Audit & Risk

New risk management framework published

ALARM, the public sector risk management association, has published a competency framework to describe the skills and attributes needed to carry out risk management roles.

in Tools.

The framework highlights specific competencies at each stage in the risk management process that may form a useful resource for internal auditors reviewing the effectiveness of risk management. 

A report by CASS Business School published on behalf of AIRMIC provides a study of major risk events: their origins, impact and implications. An executive summary and briefing is available from the AIRMIC website

The devastation of the earthquake in Japan this April took most people by surprise and few were prepared for the consequences. Businesses heavily reliant on the global supply chain found themselves without essential components. 

BSI has issued a free publication that illustrates the main ways standards can assist with business continuity and risk. Download the publication here. 

The IIA: find out more

Visit the main IIA site


Careers advice

Chartered by Experience

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

Room to grow

If you feel stuck in your role or sector, yet are keen to progress in an internal auditing career, what are your options? You could become a non-executive director or contribute your experience to higher education, suggests Ann Brook CFIIA.

Time to volunteer

Rachel Bowden, chair of the IIA’s Guidance Working Group, explains why she started volunteering and what she has gained from the experience.

Training & Development

PwC launches cyber-breach simulation game for executives

Big four consultancy PwC has launched "Game of Threats" – an interactive game to teach senior executives the risks of cyber-attacks and encourage them to test how they would respond in real time.

CPD: work in progress

Staying up to date is essential if you want to have a successful career in internal audit – and the IIA’s CPD competency framework is designed to help.


Mindset & influence: the personal audit

Your mindset is the biggest tool for your job as it is the key to influencing those around you. Honing these soft skills is just as important as developing your technical expertise, writes Diane Ingham-Cook, a consultant at Effective Training.

Root Cause Analysis: a powerful tool for internal audit

Often internal audit will flag up the same issues time and again without getting to the crux, or root cause, of the issue. This is why Root Cause Analysis (RCA) is essential to improving audits, writes James Paterson, the founder of Risk & Assurance Insights.

Mapping the road to assurance

Assurance maps are a vital tool that guide internal audits and give audit committees peace of mind. Sandie Dawson, director at Dawson Corporate Advisory, offers insight into effective assurance mapping.